How to build a company where the best ideas win

How to build a company where the best ideas win | Ray Dalio

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Күн бұрын

What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think -- even calling out the boss is fair game. Learn more about how these strategies helped Dalio create one of the world's most successful hedge funds and how you might harness the power of data-driven group decision-making.
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Пікірлер: 685

@HiFiClassical 6 жыл бұрын

First rate genius. Excited to be living at a time when information like this is available everywhere.

@luckylove72 4 жыл бұрын

Tell me u have fully read Thus Spoke Zarathustra.

@lilcflo9838 3 жыл бұрын

Right?!!!?

@vershajitendra199 2 жыл бұрын

@@luckylove72 w

@vershajitendra199 2 жыл бұрын

@@luckylove72 w

@petekdemircioglu 2 жыл бұрын

@@luckylove72 Nietzsche?

@surajjoshi1555 3 жыл бұрын

Collective decision making is way better than individual decision making if it’s done right! Great words Mr. Dalio

@nitantpatel8218 6 жыл бұрын

When you're worth $17 Billion you can wear wtf you want okay? Also, this guy is a legend.

@hector5749 4 жыл бұрын

You can wear anything or nothing if your worth $0.00 as well.

@abercrombiefitch5431 4 жыл бұрын

Future ya 100% true but you won't be perceived the same way by others.

@alvinlee5942 4 жыл бұрын

@@abercrombiefitch5431 ha ha, 1st time i found the similarity between the very rich & very un-rich, or anti-rich, no body cares what you wear... i just found that similarity enlightening funny..... just like how a baby behaves & a very senile 90's years old, needing the pampering & attention, etc., is that what you guys are agreeing?

@Prince-lo3nz 2 жыл бұрын

@@hector5749 Facts

@solo_allforone7378 Жыл бұрын

@@abercrombiefitch5431 if u care about wat othered people think about u will never be rich

@bookbeaches892 5 жыл бұрын

This guy has a beautiful voice. Glad he did the audio version of principle mostly himself! Great talk though. kitchenentrepreneur

@marketmojos2866 4 жыл бұрын

Kitchenentrepreneur true audiobook is awesome

@Brelicity 5 жыл бұрын

The biggest issue I see is social pressure from seeing other peoples results. The social pressure of not wanting to be called out, or the social pressure to follow what other people are doing. These social cues are hardwired and can change the flow of decisions within a group.

@kaylajordan8458 2 жыл бұрын

I agree. I don't think it's as easy to see what people are really thinking as he claims.

@belayon2 Ай бұрын

Could show the opinion grid anonymously to avoid much (not all) of the bias

@animewatch4213 5 жыл бұрын

My boss could learn a thing or two from Dalio. I highlight an issue and mention a way to fix this issue to my boss, and my boss instead got annoyed that I am trying to do his job and assume that I am saying that "he can't think for himself."

@jamesr2991 3 жыл бұрын

Dalio's speech gave some great thoughts on investing and dot collecting algorithms. I enjoyed the segment on our emotional and intellectual sides that are constantly at odds.

@KNIGHTEXPLORER1 6 жыл бұрын

Speckles One of the best TED talks I've seen, he is an incredibly interesting guy!

@tinanyongesa Жыл бұрын

This is just awesome! What a time to be alive. Thank you kindly for all the thought-provoking ways to radically transform our lives.❤️

@gudmundurrafngeirdalbragas1513 6 жыл бұрын

That was quite amazing talk by Ray Dalio. It all seems to have developed from his evaluation of the default of Mexico in August of 1982. He deemed himself as having been too arrogant and found a way to stress test his opinions with the help of his staff, algorythms and computers.

@galeru 6 жыл бұрын

This man echoes with my thoughts and do it so eloquently. If there is ever some esoteric fundamental truths in this world, what he's talking about is certainly some of them.

@kidd2128 6 жыл бұрын

Wow this is really powerful content. Very informative! One of the best I've seen, it actually made me think that I am okay and there are people who simply can't open their mind to try to understand what I am saying sometimes. Thank you very much for sharing this information.

@joaoegoncalvess 4 жыл бұрын

Awesome! Ray went further on it than anybody else in how to take better decisions. Thanks a lot Ray.

@Pax_Et_Veritas 5 жыл бұрын

So few people teach by pointing out their failures but it’s one of the best ways to learn.

@Kongolox 6 жыл бұрын

Brilliant! simply brilliant! this gives more power to the people who have more experience on a subject.

@abhimat 6 жыл бұрын

Important terms: "collective decision making, idea meritocracy, believability"

@tomasramilison 5 жыл бұрын

This is absolutely fantastic, so grateful he shared it.

@superpurplepill 6 жыл бұрын

A bright and rare example of advanced consciousness and the beauty of genuine perfection in its manifestation. For the first time in my life i see a person with a very similar to mine perception of the `world`. Identical thoughts about honesty, transparency, people's static unflexible opinions that hurts each one of its bearers and at the same time ego not giving you a chance to admit delusion, like an evil firewall, keeps mind in it's own prison, causing infinite algorithm that distorting information on input before analysis. Was very surprized. I am sincerely glad that this man exists somewhere and have intensions to improve all humanity trying explain his understanding of "fixing" and how to evolve. It's a true Wonder for me. Feel's goOod

@Wodepaya 5 жыл бұрын

This is agreeably to listen ,thank you

@guilhermeluispessoa5288 2 жыл бұрын

This whole concept and system is freaking amazing!

@liangdong7462 6 жыл бұрын

Bought his book and really helpful to my personal growth.

@senzomasemola4968 2 жыл бұрын

Read about this from Steven R covey, and he calls it Valuing the difference. Letting people voice out their opinions getting then involved so they can be committed to the same idea as different as their opinions could be.. This man sounds so wise🥺🥺

@shivashrivastava4437 6 жыл бұрын

Great Talk..i also just finished his book - 'Principles', and i must say that it is an eye opener, you can learn a lot from this man and his way of thinking!

@intellectualblackking162 6 жыл бұрын

I enjoy this. Realness and Transparency are my favorite things in life let alone in a company

@gudmundurrafngeirdalbragas1513 6 жыл бұрын

By now I've listened to Ray's TED talk many times, often as I was reading the transcript. In my opinion he was right about the dept crisis in 1982 and thereby deserved a hearing by the congress.

@mazharulhasan Жыл бұрын

I watch this again and again why i watch this i don't know. Great speech ever i heared.

@alialsabe 6 жыл бұрын

Ray is one of my role models in life. Very inspiring man

@DanielSmedegaardBuus 3 ай бұрын

Why?

@raimondasmarciulevicius7599 6 жыл бұрын

Ray, thank you, good job. I agree that together we are stronger!

@aichabelemkoabga364 4 жыл бұрын

With truthfulness and transparency: we all gain!!!

@carlosbarros6705 6 жыл бұрын

Thanks you Ray for sharing your wisdom. Greetings for Colombia.

@aussenseitermagazin 4 жыл бұрын

In fact I am dreaming of a social media site, where discussions are handled similarly. I am happy to see such tools are already built. meritocracy of ideas is a nice concept.

@varazdatgrigoryan3 4 жыл бұрын

Awesome! What a wise man Ray is. Love the way he managed to create a healthy environment for meaningful and effective relationships. So smart, so simple, so genius!

@DanielSmedegaardBuus 3 ай бұрын

Lol 😂

@aGr3atD4y Жыл бұрын

What a great "lecture"! Ray is such a brilliant and generous man with his wealth of knowledge and experience

@bitfinesse 4 жыл бұрын

Nice story of Ray learning risk management 👍

@siddharthkaneria1 5 жыл бұрын

Awesome. Respect for Ray Dalio.

@nhlanhlongeleza4240 5 жыл бұрын

That was so interesting. Thank you for sharing 😃

@vaibhavchutani8531 6 жыл бұрын

Yaaaaayyyyyy!!!! The book is finally here. Awesome.

@fengqin821021 6 жыл бұрын

It's one of the best lecture!

@Pheenam 2 жыл бұрын

This talk is a great summary and supplementary to his book

@tllong124 4 жыл бұрын

This is great. I love this!

@dahuya1 Жыл бұрын

so great! learned a lot. I will put this transparency into practice in my team

@1995yuda 3 жыл бұрын

What an amazing human being Ray is, I'm at a loss for words. Just...Thank you.

@1995yuda 3 жыл бұрын

@pedro garcia I've read the article. I don't get why you say he's a conman... Nobody's perfect and every business this big acts shady sometimes. People are just being human and so does Ray.

@animaaura 6 ай бұрын

Bridgewater was always a cult, and the only one who ever talked about what goes on there is Ray - the guy with all the power. There's a good reason why Bridgewater has probably the churn of any hedge fund - most people peace out of there before a year is up.

@carloseduardonaranjosuarez5917 Жыл бұрын

Thank you Mister Daslio, I love your DOT COLLECTOR, amazing tool for improving our entire lifes

@79mjm79 4 жыл бұрын

This talk is underrated.

@yoanashih761 6 жыл бұрын

The most-liked idea sometimes not equal to the best idea.

@Ayushkumar-cv3er 6 жыл бұрын

Every word you Said was so true.

@cheriemonami 4 жыл бұрын

I watched a video of him a while back (which I'm trying to find) and he influenced me to be absolutely honest with myself. No dog at my homework excuses. No excuses at all, just the truth. It has not been easy. But...one of the things that has occurred is that I recognize when someone is lying and it's not in the eyes. It's more about ego and how ego protects us from feeling inferior. Anyway, that's been my experience and I'm wanting to take this philosophy another step.

@ArberBaj 3 жыл бұрын

Hey, if you find that video I'd be very grateful if you could post it under here. Would love watching that myself, your experience sounds awesome!

@cheriemonami 3 жыл бұрын

@@ArberBaj I can't find it but if I ever do I'll let you know.

@macmaine3506 6 жыл бұрын

best Ted talk hands down

@LuanaVasco88 6 жыл бұрын

His expression is excellent.

@jasperknight5781 4 жыл бұрын

This is Amazing!

@jarvisshan7196 3 жыл бұрын

appreciation and respect to the legend

@greencoolmoss 4 жыл бұрын

THANK YOU RAY. GENIUS

@brandontea3815 4 жыл бұрын

I respect Ray Dalio because of his kinda down to earth vibe he has.

@marcsmithsonian9773 4 жыл бұрын

I love the idea if meritocracy. Brilliant.

@victorrey37 5 жыл бұрын

I've had great ideas that worked and bad ideas that didn't and I had supporters and critics of both! Googling this soon!

@GanpatiRam Жыл бұрын

Thank you so much sir Ray Dalio 😊 We Love you sir❤

@dhyanmukta 5 жыл бұрын

What a great transformation

@yahalife 3 жыл бұрын

True! A leader must inspire or his team will expire.

@kwanpakshing 6 жыл бұрын

All these ideas and principles are pit together in his book " Principles". Pretty good.

@peculiaroluwagbemiro5656 4 жыл бұрын

Brilliant, just brilliant.

@nissankarki917 2 жыл бұрын

Awesome talk by one of the best.

@CannaGlobeTV 6 жыл бұрын

A True Genius! Full Transparency with the smartest minds in the world; that's what makes the magic happen!

@primaryadministration6190 4 жыл бұрын

Great stuff . Enjoyed the video

@didier4529 6 жыл бұрын

Brilliant man!

@drohitkumar5978 4 жыл бұрын

Perfect and 100% true.....emotions are good, they make you more human/empthatic.....60% time cloud your judgement, and make you more vulnerable //////////world is tough place........this is the more practical and efficient way to run .......

@chrisr326 5 жыл бұрын

Humility a great thing.

@avarmauk 2 жыл бұрын

Dalio is the best of the best. He is one of the few who can weigh up arguments from different perspectives and reach a sensible conclusion. He is also weary of fooling himself.

@pecelirovucago7149 2 жыл бұрын

Thanks a lot Ray!

@bhavikpatel576 6 жыл бұрын

I'm really curious about the dot collector. It seems like a useful tool, but I wonder how much time is dedicated to rating people vs having meaningful conversation.

@EdiFerreiranet 4 жыл бұрын

It seems that meaningful conversations are not the point, what matters is meaningful and effective work. Meaningful conversations is for friends and family outside of work.

@mikerecca 4 жыл бұрын

You have to make sure that there's no extremely sensitive person in your company if you wanna use Dot Collector.

@HVBRSoF 4 жыл бұрын

@@mikerecca this work environment works best for people who have high enough self-confidence to not be bothered what everyone else thinks of them. low-esteem people would work badly in this environment as they would constantly change their opinions and actions trying to get people to like them or rate them higher.

@michaelkennedy4646 3 жыл бұрын

It's all marketing for his hedge fund. This is probably a tool the employees despise using and never effectively use.

@Lerppunen 3 жыл бұрын

mj k I don’t think the world’s biggest and the most successful hedge fund would need marketing like this.

@LuxiBelle 6 жыл бұрын

How to do the opposite: fire the guy who says the company is an echo chamber.

@ucefkh 6 жыл бұрын

lol

@remyllebeau77 6 жыл бұрын

We are so tolerant we will fire you for having and expressing the wrong opinion!

@Miranox2 6 жыл бұрын

Google: Totally not evil

@buckybone89 6 жыл бұрын

If the guy's using data that's been utterly disproven to make his argument, then yeah, fire him, he's too much of a dumbass to work there.

@JonathanGarneau 6 жыл бұрын

Dalio's advice would be to stress test that opinion.

@vasqoh2775 4 жыл бұрын

This is a very insightful TED Talk by Ray Dalio. Planning on reading his book in the future.

@Tomas-ml9nv 4 жыл бұрын

You are a npc this is the worst idea in the history of man. It has disastrous implications.. enjoy being a brainless zombie.

@vasqoh2775 4 жыл бұрын

@@Tomas-ml9nv I'm a NPC, doesn't make any sense but alright. How is a idea meritocracy "the worst idea in history of man." Elaborate please. You're just throwing fabrications around.

@djad3115 6 жыл бұрын

EXCELLENT!

@tianruiouyang3742 Жыл бұрын

Thank you very much!

@ZukunftBilden 6 жыл бұрын

I want the dot collector to be a public tool for every one

@rajeshgupta1055 6 жыл бұрын

Momo Maximilian people now-a-days want everything to be free.

@magistermittens124 6 жыл бұрын

Nishant Gupta You're acting as if she is talking about a new car though. This would be pretty great overall economically and socially rather than something for recreational use.

@interestarium5758 6 жыл бұрын

Should not be that hard to make, just learn a bit of coding, make a public github repository and find some collaborators and you are ready to go. (may sound sarcastic, but i mean that seriously)

@Alexa-rd4vc 6 жыл бұрын

True : the app would be easy to make ... but to get a culture of people that would be happy to use it .. i think a little more challenging! I believe that if people are to communicate honestly on an APP called the dot collector, they will also need to be trained on how to be transparent and honest etc in person - the two would go hand in hand. But you wouldnt necessarily need a dot collector to create an honest culture such as this one. It would def be beneficial to have this tool though.

@filipbeyers4953 6 жыл бұрын

great feedback. Make sure the fundament of the company is clear. goals, projects, roles, KPI's, and give feedback in this context....

@hayatmuzain3681 4 жыл бұрын

I have always liked his insights.

@rejinnellolimeethal9830 6 жыл бұрын

Best Ted Talk..

@parallax3808 3 жыл бұрын

most chilled public speaker i've ever seen

@davidmathews5245 4 жыл бұрын

This is quiet something. Taking the idea and leaving the humane part of the person behind. Effective. Impressive.

@Lawliet734 4 жыл бұрын

@david "This is quiet [sic] something." Quite/quiet: You are quite the quiet type.

@themalmana 6 жыл бұрын

HOW do you make people express themselves truthfully and in a way that they care??

@qentrepreneurship9987 6 жыл бұрын

Simply the best HF manager of last 20 y... Very captivating and inspirational... I enjoyed reading his Opus Magnum " Principles and How does Work The Economics Machine"

@clwoni1414 5 жыл бұрын

This is so interesting ! What is this kind of thinking and investing called and are there books about it ?

@tatianajimenez1456 6 жыл бұрын

Sir, you are amazing

@drkumaranujkgmc 6 жыл бұрын

Tatiana Jimenez

@lancecorporal7605 5 жыл бұрын

5:16 wow lighting up seems so shocking nowadays...

@evannathaniel343 4 жыл бұрын

What software i can use to rate my team discussion like his? Thank you

@JulioVelezz 6 жыл бұрын

Tony Robbins and Ray Dalio brought me here 💪🏼🙏🏼🔮

@migueleduardo6297 4 жыл бұрын

its amazing how there are many diferent ways to sucess, great investors like P. Lynch or WB thinks make decisions alone is the best way. Ray Dalio made coletively, and boths became sucessful

@UsmanKhan-qs9ib 3 жыл бұрын

Hats off to this guy Admits on a very big platform TED That he was arrogant and it led him to rock bottom, then shares his secrets of success and teaches others to learn from it.

@MrFrancochelsea 5 жыл бұрын

Thomas Aquinas and Aristotele were right at valuing the truth over emotions, amazing story logical thinking.

@rozzy523 6 жыл бұрын

I found out about Dalio in the book An Everyone Culture. A fantastic read on becoming a DDO ( Deliberately Development Organization ). I highly recommend if anyone is interested in how his and two other companies develope and invest in their employees.

@ZiemniakPospolity 6 жыл бұрын

To work with it you need to have a group of people, that are perfectly reasonable and opened to improve themselves. I can only imagine how embarrassing or insincere or just awkward and problematic this model has to be. Everyone has the emotional side of the personality, so people in this company has to be embarrassed or to fake their behavior or to just angry with the others.

@MarceloGabrielTutoriales 2 жыл бұрын

In his book hi told the key is : The personal selection , they have and algoritmia way to evaluate candidates too maybe

@reedyoungblood3116 5 жыл бұрын

How would my believability rating actually be generated? Is it based on how my peers rate me in real-time in meetings? Or is there some feedback loop based on whether the course of action I was recommending actually turned out to be a good one? Or is it based on how I rated my peers' ideas in meetings, which were then compared to actual outcomes? Put differently, is it a rating of "how believable" I seem in the moment to my peers who may or may not know what they're talking about? Or is there some actual feedback loop of ongoing training data as the actual data comes in and my ideas are shown to be good or bad after the fact?

@peteranon8455 4 жыл бұрын

You make a great argument on how complex a system would have to be. Personally, I love coworkers who are consistently wrong and complain about everything, as they get the good ideas out there a good 20% of the time. I don't want them punished by a rating system that will require me to step up, be the complainer, then get graded on how accurately I complain. I don't like correcting people in our current system, as it's counter productive to both general amicable relations, and also with being focused on what I do. It would be an interesting transition.

@essiotll 6 жыл бұрын

This is great - imagine applying this to news and politics - the anti-bubble.

@phoenixeyes7160 5 жыл бұрын

I love Ray....

@davem8515 Жыл бұрын

This is radical in its perspective and explanation but not so radical in the results (that's not a criticism, but an acknowledgement). It also reminds me of Daniel Kahneman's 'Thinking Fast and Slow' (a great book by Nobel prize-winning Economic psychologist), in particular, System 1 and System 2, and a lot of what Ray alludes to and suggests and does is "emotional-intelligent" synthesising. A very good Ted Talk