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Ray Dalio

@RayDalio

3 May

If you’re interested in my more in-depth view of the Biden program, you can find it here. In it, I look at the plan with reference to the concepts I tried to convey in “Why and How Capitalism Needs to be Reformed” and “The Changing World Order.”

linkedin.com/pulse/biden-ta… (1/5)

History and my experiences have taught me that for societies to work they must both grow the pie and divide it well, that capitalists tend to be better at growing the pie (albeit dangerously unequally)... (2/5)

... and socialists tend to be better at dividing the pie (albeit dangerously unproductively), and that societies typically go through big cyclical swings between the two approaches. (3/5)

Read 5 tweets

Ray Dalio

@RayDalio

30 Apr

As I explained in “Why and How Capitalism Needs to be Reformed,” (linkedin.com/pulse/why-how-…) support for basics that are humane, help people succeed, and improve human capital development are smart investments... (1/6)

...such as free early childhood education, free access to community college, broadband connectivity infrastructure, and free lunches for students in poor neighborhoods. (2/6)

To have starving uneducated children is both morally terrible and something that society pays an enormous price for. To not have connectivity in 2021 is like not having electricity was nearly 100 years ago. (3/6)

Read 6 tweets

Ray Dalio

@RayDalio

28 Apr

You will have to get over your reluctance to assess what people are like if you want to surround yourself with people who have the qualities you need. That goes for yourself too. People almost always find it difficult to identify and accept their own mistakes and weaknesses. 1/4

Sometimes it's because they're blind to them, but more often it's because their egos get in the way. 2/4

More than anything else, what differentiates people who live up to their potential from those who don't is their willingness to look at themselves and others objectively and understand the root causes standing in their way. 3/4

Read 4 tweets

Ray Dalio

@RayDalio

25 Apr

Some ways of thinking will serve you well for some purposes and serve you poorly for others. It is highly desirable to understand one’s own and others’ ways of thinking and their best applications. Some qualities are more suitable for some jobs. (1/4)

If you're not naturally good at one type of thinking, it doesn't mean you're precluded from paths that require it. (2/4)

It does, however, require that you either work with someone who has that required way of thinking (which works best) or learn to think differently (which is difficult or even impossible). (3/4)

Read 4 tweets

Ray Dalio

@RayDalio

24 Apr

Develop a full profile of each person’s values, abilities, and skills. These qualities are the real drivers of behavior, so knowing them in detail will tell you which jobs a person can and cannot do well, which ones they should avoid, and how the person should be trained. (1/4)

These profiles should change as the people change.

If you don’t know your people well, you don’t know what you can expect from them. You’re flying blind and you have no one to blame but yourself if you don’t get the outcomes you’re expecting. (2/4)

Because I’m keen to help people know what they’re like, know what the people around them are like, & help them get what they want, I created PrinciplesYou with 3 great personality experts principlesyou.com/?utm_source=Tw… 3/4

Read 4 tweets

Ray Dalio

@RayDalio

22 Apr

Remember that people are built very differently and that different ways of seeing and thinking make people suitable for different jobs. Some ways of thinking will serve you well for some purposes and serve you poorly for others. (1/4)

It is highly desirable to understand one’s own and others’ ways of thinking and their best applications. Some qualities are more suitable for some jobs. (2/4)

Because I’m keen to help people know what they’re like, know what the people around them are like, and help them get what they want, I created PrinciplesYou with 3 personality experts. principlesyou.com/?utm_source=Tw… (3/4)

Read 4 tweets

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