Ray Dalio Profile picture
Dec 28 7 tweets 2 min read
Having a hierarchy of merit is not only consistent with an idea meritocracy but essential for it. It's simply not possible for everyone to debate everything all the time and still get their work done. #principleoftheday (1/7)
Treating all people equally is more likely to lead away from truth than toward it. But at the same time, all views should be considered in an openminded way, though placed in the proper context of the experiences and track records of the people expressing them. (2/7)
Imagine if a group of us were getting a lesson in how to play baseball from Babe Ruth, and someone who'd never played the game kept interrupting him to debate how to swing the bat. (3/7)
Would it be helpful or harmful to the group's progress to ignore their different track records and experience? Of course it would be harmful and plain silly to treat their points of view equally, because they have different levels of believability. (4/7)
The most productive approach would be to allow Ruth to give his instructions uninterrupted and then take some time afterward to answer questions. (5/7)
But because I'm pretty extreme in believing that it is important to obtain understanding rather than accepting doctrine at face value, I would encourage the new batter not to accept what Ruth has to say as right just because he was the greatest slugger of all time. (6/7)
If I were that new batter, I wouldn't stop questioning Ruth until I was confident I had found the truth. (7/7)

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More from @RayDalio

Dec 16
Along with the great group of folks listed here, I’m pleased to be offering 20,000 @TisBest Charity Gift Cards (at $50 each) for you to donate to your favorite charities. (1/4)
There are no strings attached. Our hope is simply that you will experience the joy of receiving a charitable gift rather than a traditional one, and you might consider giving charitable gifts to your friends, families, and colleagues. (2/4)
Thanks to @ariannahuff, @aplusk, Mila Kunis, @DrOz, @jeweljk, @jayshetty, @SloaneStephens, @JozyAltidore, Paul Tudor Jones and @ryans_recycling who all made generous contributions so that we could make this offer available to you. (3/4)
Read 4 tweets
Dec 15
I’m excited to share that I’m partnering with a great group of people to offer 20,000 @TisBest Charity Gift Cards ($50 each) so you can donate to the charities of your choice. There are no strings attached. (1/5)
My hope is simply that you will experience the joy of receiving a charitable gift rather than a traditional one, and you might consider giving charitable gifts to your friends, families, and colleagues. (2/5)
For more than 10 years, I have given my friends and colleagues Charity Gift Cards that allow them to contribute to their favorite charities, and I’ve found this way of gifting wonderful. (3/5)
Read 5 tweets
Dec 8
I’d now like you to reflect on what you value the most so you can clarify your goals and get at the best principles for you. Your values are the deep-seated beliefs that motivate your behaviors and determine your compatibility with other people. (1/4)
I’ve learned from conversations with psychologists and from my own experiences that what people want arises from them a) being wired a certain way and... (2/4)
... b) trying to satisfy subliminal needs that are deeply hidden within them and that were formed by the combination of their nature and experiences they had but don’t remember. (3/4)
Read 4 tweets
Dec 8
Three to five smart, conceptual people seeking the right answers in an open-minded way will generally lead to the best answers. #principleoftheday (1/5)
It may be tempting to convene a larger group, but having too many people collaborate is counterproductive, even if the members of the larger group are smart and talented. (2/5)
The symbiotic advantages of adding people to a group grow incrementally (2+1=4.25) up to a point; beyond that, adding people actually subtracts from effectiveness. (3/5)
Read 5 tweets
Dec 6
In jazz, there's no script: You have to figure things out as you go along. Sometimes you need to sit back and let others drive things; other times, you blare it out yourself. #principleoftheday (1/5) Image
To do the right thing at the right moment you need to really listen to the people you're playing with so that you can understand where they're going.

All great creative collaboration should feel the same way. (2/5)
Combining your different skills like different instruments, improvising creatively, and at the same time subordinating yourself to the goals of the group leads to playing great music together. (3/5)
Read 5 tweets
Dec 5
Together, these fives steps make up an evolutionary loop. Let’s look at this process more granularly. First you have to pick what you are going after–your goals. You choice of goals will determine your direction. As you move toward your goals, you will encounter problems. (1/5)
Some of those problems will bring you up against your weaknesses. How you react to the pain that causes is up to you. (2/5)
If you want to reach your goals, you must be calm and analytical so that you can accurately diagnose your problems, design a plan that will get you around them, and do what’s necessary to push through to results. (3/5)
Read 5 tweets

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