How to build a company where the best ideas win
Ray Dalio’s #Principles is one of few books you’d see through my webcam in the background.
(1) 🧩 See mistakes as puzzles that would give you gems.
(2) 💎 See gems as principles that you can turn into algorithms.
(3)💡 Embed these algorithms into your decision making along with your thinking to make better decisions.
Dalio follows the concept of #IdeaMeritocracy. The best idea wins. Not the loudest. Following the question: “How do I know my opinion is right?”
I’m intrigued by this concept.
In our recent era of trust crisis more than ever.
(A) 👉 Because it objectifies #truth. As in “there is no such thing as truth”, just intersubjective comprehensibility of opinions.
(B) 👉 Because its currency is integrity, or #Believability, as an expression of a person’s merits for the collective.
(C) 👉 Because it’s discouraging people from holding up opinions in their mind which are wrong, and act on them.
It’s hard though.
Requires radical truthfulness and radical transparency. That requires a psychologically safe environment.
Anyway, just keeping this question in mind, improves my relationships: “𝘏𝘰𝘸 𝘥𝘰 𝘐 𝘬𝘯𝘰𝘸 𝘮𝘺 𝘰𝘱𝘪𝘯𝘪𝘰𝘯 𝘪𝘴 𝘳𝘪𝘨𝘩𝘵?”
Check out Ray Dalio’s amazing TED Talk on How to Build a Company Where the Best Ideas Win: