Ray Dalio Profile picture
Jan 13 4 tweets 1 min read
I have often seen less believable people (students) insist that the more believable people (teachers) understand their thinking and prove why the teacher is wrong before listening to what the teacher (the more believable party) has to say. #principleoftheday (1/4)
That's backward. While untangling the student's thinking can be helpful, it is typically difficult and time-consuming and puts the emphasis on what the student sees instead of on what the teacher wants to convey. (2/4)
For that reason, our protocol is for the student to be open-minded first. Once the student has taken in what the teacher has to offer, both student and teacher will be better prepared to untangle and explore the student's perspective. (3/4)
It is also more time-efficient to get in sync this way, which leads to the next principle. (4/4)

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More from @RayDalio

Jan 6
While it pays to be open-minded, you also have to be discerning. Remember that the quality of the life you get will depend largely on the quality of the decisions that you make as you pursue your goals. #principleoftheday (1/4)
The best way to make great decisions is to know how to triangulate with other, more knowledgeable people. So be discerning about whom you triangulate with and skilled in the way you do it. (2/4)
The dilemma you face is trying to understand as accurately as you can what's true in order to make decisions effectively while realizing many of the opinions you will hear won't be worth much, including your own. (3/4)
Read 4 tweets
Dec 28, 2022
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)
Read 7 tweets
Dec 16, 2022
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, 2022
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, 2022
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, 2022
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

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