Ray Dalio Profile picture
Feb 15 5 tweets 1 min read
While all these principles exist for the well-being of the community, there may come times when adhering to them could threaten the community's well-being. #principleoftheday (1/5)
For example, we encountered a time when there were leaks to the media of some things that we made radically transparent within Bridgewater. (2/5)
People at Bridgewater understood that our transparency about our weaknesses and mistakes was being used to present distorted and harmful pictures of Bridgewater, so we had to lessen our level of transparency until we resolved that problem. (3/5)
Rather than just lessening this degree of transparency, I explained the situation and declared "martial law," meaning that this was a temporary suspension of the full degree of radical transparency. (4/5)
That way, everyone would know both that it was an exceptional case and that we were entering a time when the typical way of operating would be suspended. (5/5)

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More from @RayDalio

Feb 11
You are expected to go to the higher level and look down on yourself and others as part of a system. (1/4)
In other words, you must get out of your own head, consider your views as just some among many, and look down on the full array of points of view to assess them in an idea-meritocratic way rather than just in your own possessive way. (2/4)
Seeing things from the higher level isn't just seeing other people's point of view; it's also being able to see every situation, yourself, and others in the situation as though you were looking down on them as an objective observer. (3/4)
Read 4 tweets
Feb 10
A decision-making group in which those who don't get what they want continue to fight rather than work for what the group has decided is destined to fail... #principleoftheday (1/4)
...you can see this happening all the time in companies, organizations, and even political systems and nations. I'm not saying that people should pretend they like the decision if they don't, or that the matter in question can't be revisited at a future date. (2/4)
What I am saying is that in order to be effective, all groups that work together have to operate with protocols that allow time for disagreements to be explored... (3/4)
Read 4 tweets
Feb 8
Almost every group that agrees on the big things ends up fighting about less important things and becoming enemies even though they should be bound by the big things. #principleoftheday (1/5)
This phenomenon is called the narcissism of small differences. Take the Protestants and Catholics. Though both are followers of Christ, some of them have been fighting for hundreds of years... (2/5)
...even though many of them are unable to articulate the differences that divide them, and most of those who can articulate the differences realize that they are insignificant relative to the big important things that should bind them together. (3/5)
Read 5 tweets
Feb 5
Everyone does not report to everyone. Responsibilities and authorities are assigned to individuals based on assessments of their ability to handle them. #principleoftheday (1/4) Image
People are given the authority that they need to achieve outcomes and are held accountable for their ability to produce them.

At the same time, they are going to be stress-tested from both directions--i.e., by those they report to and by those who report to them. (2/4)
The challenging and probing that we encourage is not meant to second-guess their every decision but to improve the quality of their work over time. (3/4)
Read 4 tweets
Feb 4
Whenever there is a dispute, both parties are required to have equal levels of integrity, to be open-minded and assertive, and to be equally considerate. #principleoftheday (1/4)
The judges must hold the parties to the same standards and provide feedback consistent with these standards. (2/4)
I have often seen cases in which the feedback wasn't appropriately balanced for various reasons (to hold the stronger performer to a higher standard, to spread the blame). This is a mistake. The person in the wrong needs to receive the strongest message. (3/4)
Read 4 tweets
Feb 2
It is the rare dispute that is resolved to both parties' equal satisfaction. Imagine you are having an argument with your neighbor about a tree of theirs that has fallen onto your property. Who is responsible for its removal? #principleoftheday (1/11) Image
Who owns the firewood? Who pays for the damage? While you might not be able to resolve the disagreement yourselves, the legal system has procedures and guidelines that allow it to determine what's true and what to do about it... (2/11)
...and once it renders its judgment it's done, even if one of you didn't get what you wanted. That's just the way life is. (3/11)
Read 11 tweets

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