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Ray Dalio's principles present several innovative ideas. One of them is the concept of 'Radical Truth' and 'Radical Transparency', which encourages open and honest communication within an organization. Another is the 'Idea Meritocracy', a system where the best ideas win out, regardless of who they come from. Dalio also emphasizes the importance of understanding and dealing with reality, and making decisions based on a mix of thoughtful disagreement, decision rules, and believability-weighted decision making.
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How did Ray Dalio, the child of an ordinary medium-class family create the world’s largest, and most successful hedge fund, currently managing over $1...
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Savoring life and making an impact are not necessarily mutually exclusive, but overall, one has to sacrifice a lot of time and thinking to identify new principles. Truths, which are the foundation of principles, are hidden all around us. To discover them, one needs a scientific approach by being a hyperrealist.
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