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Ray Dalio

Founder of Bridgewater Associates

United States · b. 1949

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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In the last five years, what new belief, behaviour, or habit has most improved your life?

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.

Recorded TED2017, 24 April 2017 source

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