Ray Dalio Profile picture
Jan 25 4 tweets 1 min read
When they're at odds, you should work hard to resolve the disagreement.

If you are about to make a decision that the believability-weighted consensus thinks is wrong, think very carefully before you proceed. #principleoftheday (1/4) Image
It's likely that you're wrong, but even if you're right, there's a good chance that you'll lose respect by overruling the process. (2/4)
You should try hard to get in sync, and if you still can't do that, you should be able to put your finger on exactly what it is you disagree with, understand the risks of being wrong, and clearly explain your reasons and logic to others. (3/4)
If you can't do those things, you probably should suspend your own judgment and go with the believability-weighted vote. (4/4)

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ray Dalio

Ray Dalio Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RayDalio

Jan 17
I regularly see people ask totally uninformed or nonbelievable people questions and get answers that they believe. This is often worse than having no answers at all. Don't make that mistake. #principleoftheday (1/4)
You need to think through who the right people are. If you're in doubt about someone's believability, find out.

The same is true for you: If someone asks you a question, think first whether you're the right person to answer it. (2/4)
If you're not believable, you probably shouldn't have an opinion about what they're asking, let alone share it.

Be sure to direct your comments or questions to the believable Responsible Party or Parties for the issues you want to discuss. (3/4)
Read 4 tweets
Jan 16
I admired Dr. Martin Luther King Jr. as he was a principled man with great principles. The few that come to mind that are especially relevant at this time are:

(1/7)
1. Hate cannot drive out hate; only love can do that.

(2/7)
2. We must either learn to live together as brothers or we are all going to perish together as fools.

(3/7)
Read 7 tweets
Jan 13
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)
Read 4 tweets
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

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(