I gained a humility that I needed in order to balance my audacity. I wanted to find the smartest people who would disagree with me to try to understand their perspective or to have them stress test my perspective. I wanted to make an idea meritocracy. In other words, not an autocracy in which I would lead and others would follow and not a democracy in which everybody's points of view were equally valued, but I wanted to have an idea meritocracy in which the best ideas would win out.
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RD
Ray Dalio
Founder of Bridgewater Associates
United States · b. 1949
Business and finance
About
Founded the hedge fund Bridgewater Associates in 1975 and ran it as chief investment officer for several decades. He publishes the firm's management principles.
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