Ray Dalio Profile picture
Feb 28 4 tweets 1 min read
Values are the deep-seated beliefs that motivate behaviors and determine people's compatibilities with each other. People will fight for their values, and they are likely to fight with people who don't share them. (1/4) #principleoftheday
Abilities are ways of thinking and behaving. Some people are great learners and fast processors; others possess the ability to see things at a higher level. Some focus more on the particulars; still others think creatively or logically or with supreme organization. (2/4)
Skills are learned tools, such as being able to speak a foreign language or write computer code. (3/4)
While values and abilities are unlikely to change much, most skills can be acquired in a limited amount of time (e.g., software proficiency can be learned) and often change in worth (today's most in-demand programming language is likely to be obsolete in a few years). (4/4)

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More from @RayDalio

Mar 1
The process for choosing people should be systematically built out and evidence- based. #principleoftheday (1/10) Image
You need to have a people-hiring machine in which the goals are clearly stated so that the outcomes can be compared with them and the machine (the design and the people) producing the outcomes can evolve to improve. (2/10)
Organizations typically hire people by having job candidates' resumes reviewed by semi-random people based on semi-random criteria... (3/10)
Read 10 tweets
Feb 24
If they choose to have a primarily win-win cooperative-competitive relationship, they must take into consideration what is really important to the other and try to give it to them in exchange for them reciprocating. #changingworldorder #principleoftheday (1/6)
In that type of win-win relationship, they can have tough negotiations done with respect and consideration, competing like two friendly merchants at a bazaar or two friendly teams at the Olympics. (2/6)
If they choose to have a lose-lose mutually threatening relationship they will primarily think about how they can hurt the other in the hope of forcing the other into a position of fear in order to get what they want. (3/6)
Read 6 tweets
Feb 22
So long as you bear the consequences of failure, you are the ultimate Responsible Party. #principleoftheday (1/6)
For example, while you might choose to delegate the responsibility of figuring out how to handle your illness to a doctor, it is your responsibility to pick the right one, since you will bear the consequences if he does a bad job. (2/6)
Or if you were building a house, would you go to an architect and say "show me the kinds of houses I can build" or would you tell the architect what kind of house you want to live in? (3/6)
Read 6 tweets
Feb 17
Ultimately, power will rule. This is true of any system. #principleoftheday (1/5)
For example, it has repeatedly been shown that systems of government have only worked when those with the power value the principles behind the system more than they value their own personal objectives. (2/5)
When people have both enough power to undermine a system and a desire to get what they want that is greater than their desire to maintain the system, the system will fail. (3/5)
Read 5 tweets
Feb 15
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)
Read 5 tweets
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

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