The biggest issue I see is social pressure from seeing other peoples results. The social pressure of not wanting to be called out, or the social pressure to follow what other people are doing. These social cues are hardwired and can change the flow of decisions within a group.
@@abercrombiefitch5431 ha ha, 1st time i found the similarity between the very rich & very un-rich, or anti-rich, no body cares what you wear... i just found that similarity enlightening funny..... just like how a baby behaves & a very senile 90's years old, needing the pampering & attention, etc., is that what you guys are agreeing?
This man echoes with my thoughts and do it so eloquently. If there is ever some esoteric fundamental truths in this world, what he's talking about is certainly some of them.
My boss could learn a thing or two from Dalio. I highlight an issue and mention a way to fix this issue to my boss, and my boss instead got annoyed that I am trying to do his job and assume that I am saying that "he can't think for himself."
Dalio's speech gave some great thoughts on investing and dot collecting algorithms. I enjoyed the segment on our emotional and intellectual sides that are constantly at odds.
That was quite amazing talk by Ray Dalio. It all seems to have developed from his evaluation of the default of Mexico in August of 1982. He deemed himself as having been too arrogant and found a way to stress test his opinions with the help of his staff, algorythms and computers.
Read about this from Steven R covey, and he calls it Valuing the difference. Letting people voice out their opinions getting then involved so they can be committed to the same idea as different as their opinions could be.. This man sounds so wise🥺🥺
Great Talk..i also just finished his book - 'Principles', and i must say that it is an eye opener, you can learn a lot from this man and his way of thinking!
I watched a video of him a while back (which I'm trying to find) and he influenced me to be absolutely honest with myself. No dog at my homework excuses. No excuses at all, just the truth. It has not been easy. But...one of the things that has occurred is that I recognize when someone is lying and it's not in the eyes. It's more about ego and how ego protects us from feeling inferior. Anyway, that's been my experience and I'm wanting to take this philosophy another step.
Awesome! What a wise man Ray is. Love the way he managed to create a healthy environment for meaningful and effective relationships. So smart, so simple, so genius!
Wow this is really powerful content. Very informative! One of the best I've seen, it actually made me think that I am okay and there are people who simply can't open their mind to try to understand what I am saying sometimes. Thank you very much for sharing this information.
I'm really curious about the dot collector. It seems like a useful tool, but I wonder how much time is dedicated to rating people vs having meaningful conversation.
It seems that meaningful conversations are not the point, what matters is meaningful and effective work. Meaningful conversations is for friends and family outside of work.
@@mikerecca this work environment works best for people who have high enough self-confidence to not be bothered what everyone else thinks of them. low-esteem people would work badly in this environment as they would constantly change their opinions and actions trying to get people to like them or rate them higher.
Perfect and 100% true.....emotions are good, they make you more human/empthatic.....60% time cloud your judgement, and make you more vulnerable //////////world is tough place........this is the more practical and efficient way to run .......
@pedro garcia I've read the article. I don't get why you say he's a conman... Nobody's perfect and every business this big acts shady sometimes. People are just being human and so does Ray.
A bright and rare example of advanced consciousness and the beauty of genuine perfection in its manifestation. For the first time in my life i see a person with a very similar to mine perception of the `world`. Identical thoughts about honesty, transparency, people's static unflexible opinions that hurts each one of its bearers and at the same time ego not giving you a chance to admit delusion, like an evil firewall, keeps mind in it's own prison, causing infinite algorithm that distorting information on input before analysis. Was very surprized. I am sincerely glad that this man exists somewhere and have intensions to improve all humanity trying explain his understanding of "fixing" and how to evolve. It's a true Wonder for me. Feel's goOod
Dalio is the best of the best. He is one of the few who can weigh up arguments from different perspectives and reach a sensible conclusion. He is also weary of fooling himself.
By now I've listened to Ray's TED talk many times, often as I was reading the transcript. In my opinion he was right about the dept crisis in 1982 and thereby deserved a hearing by the congress.
In fact I am dreaming of a social media site, where discussions are handled similarly. I am happy to see such tools are already built. meritocracy of ideas is a nice concept.
To work with it you need to have a group of people, that are perfectly reasonable and opened to improve themselves. I can only imagine how embarrassing or insincere or just awkward and problematic this model has to be. Everyone has the emotional side of the personality, so people in this company has to be embarrassed or to fake their behavior or to just angry with the others.
Simply the best HF manager of last 20 y... Very captivating and inspirational... I enjoyed reading his Opus Magnum " Principles and How does Work The Economics Machine"
I found out about Dalio in the book An Everyone Culture. A fantastic read on becoming a DDO ( Deliberately Development Organization ). I highly recommend if anyone is interested in how his and two other companies develope and invest in their employees.
Nishant Gupta You're acting as if she is talking about a new car though. This would be pretty great overall economically and socially rather than something for recreational use.
Should not be that hard to make, just learn a bit of coding, make a public github repository and find some collaborators and you are ready to go. (may sound sarcastic, but i mean that seriously)
True : the app would be easy to make ... but to get a culture of people that would be happy to use it .. i think a little more challenging! I believe that if people are to communicate honestly on an APP called the dot collector, they will also need to be trained on how to be transparent and honest etc in person - the two would go hand in hand. But you wouldnt necessarily need a dot collector to create an honest culture such as this one. It would def be beneficial to have this tool though.
Hats off to this guy Admits on a very big platform TED That he was arrogant and it led him to rock bottom, then shares his secrets of success and teaches others to learn from it.
How would my believability rating actually be generated? Is it based on how my peers rate me in real-time in meetings? Or is there some feedback loop based on whether the course of action I was recommending actually turned out to be a good one? Or is it based on how I rated my peers' ideas in meetings, which were then compared to actual outcomes? Put differently, is it a rating of "how believable" I seem in the moment to my peers who may or may not know what they're talking about? Or is there some actual feedback loop of ongoing training data as the actual data comes in and my ideas are shown to be good or bad after the fact?
You make a great argument on how complex a system would have to be. Personally, I love coworkers who are consistently wrong and complain about everything, as they get the good ideas out there a good 20% of the time. I don't want them punished by a rating system that will require me to step up, be the complainer, then get graded on how accurately I complain. I don't like correcting people in our current system, as it's counter productive to both general amicable relations, and also with being focused on what I do. It would be an interesting transition.
This is radical in its perspective and explanation but not so radical in the results (that's not a criticism, but an acknowledgement). It also reminds me of Daniel Kahneman's 'Thinking Fast and Slow' (a great book by Nobel prize-winning Economic psychologist), in particular, System 1 and System 2, and a lot of what Ray alludes to and suggests and does is "emotional-intelligent" synthesising. A very good Ted Talk
It probably works because of him. Normaly it is about people and not models. He seems like smart, human and that he knows his stuff. The kind of person that people follow.
We need an hour long webinar where the software is explained in details and made open source. Think of the impact this could have in politics if and its a big if this would actually be implemented.
@@Tomas-ml9nv I'm a NPC, doesn't make any sense but alright. How is a idea meritocracy "the worst idea in history of man." Elaborate please. You're just throwing fabrications around.
Neuroscience research piece shows that actually it is part of our évolution that we make mistakes , we are not made to be 100 % all of the time , so bounded rationality does make sense , in such type of environment idea meritocracy does thrive
Biggest tragedy and failure of people is their need to be right. Neediness to be right makes people blind to what's really happening in front of them. I rather be profitable than be right...
First rate genius. Excited to be living at a time when information like this is available everywhere.
Tell me u have fully read Thus Spoke Zarathustra.
Right?!!!?
@@luckylove72 w
@@luckylove72 w
@@luckylove72 Nietzsche?
The biggest issue I see is social pressure from seeing other peoples results. The social pressure of not wanting to be called out, or the social pressure to follow what other people are doing. These social cues are hardwired and can change the flow of decisions within a group.
I agree. I don't think it's as easy to see what people are really thinking as he claims.
Could show the opinion grid anonymously to avoid much (not all) of the bias
That is kind of the point though right?
Collective decision making is way better than individual decision making if it’s done right!
Great words Mr. Dalio
When you're worth $17 Billion you can wear wtf you want okay? Also, this guy is a legend.
You can wear anything or nothing if your worth $0.00 as well.
Future ya 100% true but you won't be perceived the same way by others.
@@abercrombiefitch5431 ha ha, 1st time i found the similarity between the very rich & very un-rich, or anti-rich,
no body cares what you wear...
i just found that similarity enlightening funny..... just like how a baby behaves & a very senile 90's years old, needing the pampering & attention, etc.,
is that what you guys are agreeing?
@@hector5749 Facts
@@abercrombiefitch5431 if u care about wat othered people think about u will never be rich
This guy has a beautiful voice. Glad he did the audio version of principle mostly himself!
Great talk though.
kitchenentrepreneur
Kitchenentrepreneur true audiobook is awesome
This is just awesome! What a time to be alive. Thank you kindly for all the thought-provoking ways to radically transform our lives.❤️
This man echoes with my thoughts and do it so eloquently. If there is ever some esoteric fundamental truths in this world, what he's talking about is certainly some of them.
My boss could learn a thing or two from Dalio. I highlight an issue and mention a way to fix this issue to my boss, and my boss instead got annoyed that I am trying to do his job and assume that I am saying that "he can't think for himself."
Ray is one of my role models in life. Very inspiring man
Why?
Dalio's speech gave some great thoughts on investing and dot collecting algorithms. I enjoyed the segment on our emotional and intellectual sides that are constantly at odds.
That was quite amazing talk by Ray Dalio. It all seems to have developed from his evaluation of the default of Mexico in August of 1982. He deemed himself as having been too arrogant and found a way to stress test his opinions with the help of his staff, algorythms and computers.
Read about this from Steven R covey, and he calls it Valuing the difference. Letting people voice out their opinions getting then involved so they can be committed to the same idea as different as their opinions could be.. This man sounds so wise🥺🥺
Great Talk..i also just finished his book - 'Principles', and i must say that it is an eye opener, you can learn a lot from this man and his way of thinking!
What a great "lecture"! Ray is such a brilliant and generous man with his wealth of knowledge and experience
I watched a video of him a while back (which I'm trying to find) and he influenced me to be absolutely honest with myself. No dog at my homework excuses. No excuses at all, just the truth. It has not been easy. But...one of the things that has occurred is that I recognize when someone is lying and it's not in the eyes. It's more about ego and how ego protects us from feeling inferior. Anyway, that's been my experience and I'm wanting to take this philosophy another step.
Hey, if you find that video I'd be very grateful if you could post it under here. Would love watching that myself, your experience sounds awesome!
@@KryptoKontext I can't find it but if I ever do I'll let you know.
So few people teach by pointing out their failures but it’s one of the best ways to learn.
Awesome! What a wise man Ray is. Love the way he managed to create a healthy environment for meaningful and effective relationships. So smart, so simple, so genius!
Lol 😂
Thank you Mister Daslio, I love your DOT COLLECTOR, amazing tool for improving our entire lifes
Important terms: "collective decision making, idea meritocracy, believability"
Awesome! Ray went further on it than anybody else in how to take better decisions.
Thanks a lot Ray.
Wow this is really powerful content. Very informative!
One of the best I've seen, it actually made me think that I am okay and there are people who simply can't open their mind to try to understand what I am saying sometimes.
Thank you very much for sharing this information.
I'm really curious about the dot collector. It seems like a useful tool, but I wonder how much time is dedicated to rating people vs having meaningful conversation.
It seems that meaningful conversations are not the point, what matters is meaningful and effective work. Meaningful conversations is for friends and family outside of work.
You have to make sure that there's no extremely sensitive person in your company if you wanna use Dot Collector.
@@mikerecca this work environment works best for people who have high enough self-confidence to not be bothered what everyone else thinks of them. low-esteem people would work badly in this environment as they would constantly change their opinions and actions trying to get people to like them or rate them higher.
It's all marketing for his hedge fund. This is probably a tool the employees despise using and never effectively use.
mj k I don’t think the world’s biggest and the most successful hedge fund would need marketing like this.
This whole concept and system is freaking amazing!
Just read the fund by Rob Coperland; what an amazing book. Ray is uh 🙄
🤫🤫🤫🤫 have not finished it
I read that book and it was interesting. 😊
Brilliant! simply brilliant! this gives more power to the people who have more experience on a subject.
Perfect and 100% true.....emotions are good, they make you more human/empthatic.....60% time cloud your judgement, and make you more vulnerable //////////world is tough place........this is the more practical and efficient way to run .......
What an amazing human being Ray is, I'm at a loss for words. Just...Thank you.
@pedro garcia I've read the article. I don't get why you say he's a conman... Nobody's perfect and every business this big acts shady sometimes. People are just being human and so does Ray.
A bright and rare example of advanced consciousness and the beauty of genuine perfection in its manifestation. For the first time in my life i see a person with a very similar to mine perception of the `world`. Identical thoughts about honesty, transparency, people's static unflexible opinions that hurts each one of its bearers and at the same time ego not giving you a chance to admit delusion, like an evil firewall, keeps mind in it's own prison, causing infinite algorithm that distorting information on input before analysis. Was very surprized.
I am sincerely glad that this man exists somewhere and have intensions to improve all humanity trying explain his understanding of "fixing" and how to evolve. It's a true Wonder for me. Feel's goOod
I enjoy this. Realness and Transparency are my favorite things in life let alone in a company
I watch this again and again why i watch this i don't know. Great speech ever i heared.
Speckles One of the best TED talks I've seen, he is an incredibly interesting guy!
Dalio is the best of the best. He is one of the few who can weigh up arguments from different perspectives and reach a sensible conclusion. He is also weary of fooling himself.
This is quiet something. Taking the idea and leaving the humane part of the person behind. Effective. Impressive.
@david "This is quiet [sic] something." Quite/quiet: You are quite the quiet type.
The most-liked idea sometimes not equal to the best idea.
This talk is underrated.
By now I've listened to Ray's TED talk many times, often as I was reading the transcript. In my opinion he was right about the dept crisis in 1982 and thereby deserved a hearing by the congress.
In fact I am dreaming of a social media site, where discussions are handled similarly. I am happy to see such tools are already built. meritocracy of ideas is a nice concept.
This is absolutely fantastic, so grateful he shared it.
Bought his book and really helpful to my personal growth.
A True Genius! Full Transparency with the smartest minds in the world; that's what makes the magic happen!
To work with it you need to have a group of people, that are perfectly reasonable and opened to improve themselves. I can only imagine how embarrassing or insincere or just awkward and problematic this model has to be. Everyone has the emotional side of the personality, so people in this company has to be embarrassed or to fake their behavior or to just angry with the others.
In his book hi told the key is : The personal selection , they have and algoritmia way to evaluate candidates too maybe
Simply the best HF manager of last 20 y...
Very captivating and inspirational...
I enjoyed reading his Opus Magnum " Principles and How does Work The Economics Machine"
With truthfulness and transparency: we all gain!!!
I found out about Dalio in the book An Everyone Culture. A fantastic read on becoming a DDO ( Deliberately Development Organization ). I highly recommend if anyone is interested in how his and two other companies develope and invest in their employees.
Awesome. Respect for Ray Dalio.
I want the dot collector to be a public tool for every one
Momo Maximilian people now-a-days want everything to be free.
Nishant Gupta You're acting as if she is talking about a new car though.
This would be pretty great overall economically and socially rather than something for recreational use.
Should not be that hard to make, just learn a bit of coding, make a public github repository and find some collaborators and you are ready to go. (may sound sarcastic, but i mean that seriously)
True : the app would be easy to make ... but to get a culture of people that would be happy to use it .. i think a little more challenging! I believe that if people are to communicate honestly on an APP called the dot collector, they will also need to be trained on how to be transparent and honest etc in person - the two would go hand in hand. But you wouldnt necessarily need a dot collector to create an honest culture such as this one. It would def be beneficial to have this tool though.
great feedback. Make sure the fundament of the company is clear. goals, projects, roles, KPI's, and give feedback in this context....
One of the Greatest hedge fund managers of all time.Looking forward to apply for internship at Bridgewaters once I go to college.🙏🏾👊🏾
are you in college yet?
I respect Ray Dalio because of his kinda down to earth vibe he has.
THANK YOU RAY. GENIUS
This is agreeably to listen ,thank you
True! A leader must inspire or his team will expire.
Thank you so much sir Ray Dalio 😊
We Love you sir❤
This man is a genius!!!
I love the idea if meritocracy. Brilliant.
This talk is a great summary and supplementary to his book
Ray, thank you, good job. I agree that together we are stronger!
Thomas Aquinas and Aristotele were right at valuing the truth over emotions, amazing story logical thinking.
HOW do you make people express themselves truthfully and in a way that they care??
most chilled public speaker i've ever seen
Hats off to this guy
Admits on a very big platform TED
That he was arrogant and it led him to rock bottom, then shares his secrets of success and teaches others to learn from it.
Yaaaaayyyyyy!!!! The book is finally here. Awesome.
I've had great ideas that worked and bad ideas that didn't and I had supporters and critics of both! Googling this soon!
How to do the opposite: fire the guy who says the company is an echo chamber.
lol
We are so tolerant we will fire you for having and expressing the wrong opinion!
Google: Totally not evil
If the guy's using data that's been utterly disproven to make his argument, then yeah, fire him, he's too much of a dumbass to work there.
Dalio's advice would be to stress test that opinion.
How would my believability rating actually be generated? Is it based on how my peers rate me in real-time in meetings? Or is there some feedback loop based on whether the course of action I was recommending actually turned out to be a good one? Or is it based on how I rated my peers' ideas in meetings, which were then compared to actual outcomes?
Put differently, is it a rating of "how believable" I seem in the moment to my peers who may or may not know what they're talking about? Or is there some actual feedback loop of ongoing training data as the actual data comes in and my ideas are shown to be good or bad after the fact?
You make a great argument on how complex a system would have to be.
Personally, I love coworkers who are consistently wrong and complain about everything, as they get the good ideas out there a good 20% of the time. I don't want them punished by a rating system that will require me to step up, be the complainer, then get graded on how accurately I complain.
I don't like correcting people in our current system, as it's counter productive to both general amicable relations, and also with being focused on what I do. It would be an interesting transition.
It's one of the best lecture!
This is radical in its perspective and explanation but not so radical in the results (that's not a criticism, but an acknowledgement). It also reminds me of Daniel Kahneman's 'Thinking Fast and Slow' (a great book by Nobel prize-winning Economic psychologist), in particular, System 1 and System 2, and a lot of what Ray alludes to and suggests and does is "emotional-intelligent" synthesising. A very good Ted Talk
What a great transformation
best Ted talk hands down
One of the best philosophers of our era! Thank you for your work mr. Ray Dalio.
5:16
wow
lighting up
seems so shocking nowadays...
We appreciate Mr. Ray Dalio’s generosity and effort to share his valuable lessons to help others. Many thanks!
This is great - imagine applying this to news and politics - the anti-bubble.
It probably works because of him.
Normaly it is about people and not models. He seems like smart, human and that he knows his stuff. The kind of person that people follow.
Will the Dot Collector with Trump?
The fact that this guy even failed is enough. I mean, look at the rest of us. We don't fail because we don't do anything.
This is Amazing!
We need an hour long webinar where the software is explained in details and made open source. Think of the impact this could have in politics if and its a big if this would actually be implemented.
Thanks a lot Ray!
thank you
I have always liked his insights.
I would die to have this man my mentor...
Yan Papi That seems a little counterproductive.
hahaha I was joking but seriously this man is phenomenal.
Thank you very much!
All these ideas and principles are pit together in his book " Principles". Pretty good.
His expression is excellent.
appreciation and respect to the legend
Humility a great thing.
Thanks you Ray for sharing your wisdom. Greetings for Colombia.
That was so interesting. Thank you for sharing 😃
Summary: To be better at busines / relationship be OPEN and TRANSPARENT...
Brilliant man!
this is so great and genius
When he is intellegent and funny at the same time 😂😂❤
This is how it should be!!!
Best Ted Talk..
Tony Robbins and Ray Dalio brought me here 💪🏼🙏🏼🔮
Awesome talk by one of the best.
This is a very insightful TED Talk by Ray Dalio. Planning on reading his book in the future.
You are a npc this is the worst idea in the history of man. It has disastrous implications.. enjoy being a brainless zombie.
@@Tomas-ml9nv I'm a NPC, doesn't make any sense but alright. How is a idea meritocracy "the worst idea in history of man." Elaborate please. You're just throwing fabrications around.
so great! learned a lot. I will put this transparency into practice in my team
Neuroscience research piece shows that actually it is part of our évolution that we make mistakes , we are not made to be 100 % all of the time , so bounded rationality does make sense , in such type of environment idea meritocracy does thrive
Amazing
Biggest tragedy and failure of people is their need to be right. Neediness to be right makes people blind to what's really happening in front of them. I rather be profitable than be right...