Ray Dalio is the founder and chief investment officer of Bridgewater Associates, a hedge fund management firm. In this document, Dalio outlines several principles for dealing with the world, including having audacious goals and learning from failures. He advocates for an "idea meritocracy" where employees put honest ideas on the table and thoughtfully disagree, guided by agreed-upon processes. Dalio also discusses the importance of radical truthfulness, transparency in decision-making, and understanding what people are truly like.

1. RAY DALIO
FOUNDER AND CHIEF INVESTMENT OFFICER, BRIDGEWATER ASSOCIATES
PRINCIPLES
One Glendinning Place
Westport, CT 06880
(203)226-3030
www.bridgewater.com

2. Physics/Universe
Economics
Parenting
Work
Investments
Nature/DNA
THE WORLD:
PRINCIPLES FOR DEALING WITH IT

3. Audacious Goals
More
Audacious Goals
Failure
Learning PrinciplesImproving

4. 1 Goals
5 Doing
2 Problems
3 Diagnosis4 Design

5. VIDEO 1

6. ”
「 How do I know I’m right? 」

7. Knowing
Humility
Be here

8. Idea Meritocracy
Principled/ Systemized
Decisions
Successes
Happy Employees
And Clients
More Independent Thinkers And
More Audacious Goals
Independent Thinkers
with Audacious Goals
Failures
Learnings

9. To have an idea
meritocracy:
Put your honest thoughts on the table
Have thoughtful disagreement
Abide by agreed-upon ways of getting past disagreement

10. ……
When you know
what someone is like,
you know what you
can expect from them.

11. VIDEO 2

13. Idea Meritocratic Decision Making
Knowing What People are Really Like
Radical Truthfulness and Radical Transparency
Algorithmic Decision Making
DO YOU WANT THESE AND
IN WHAT DEGREES?

14. Coach
Dot
Collector
Daily
Update
Issue
Log
Course &
Cases
Assessments
& Resume
About Me &
Others
Pain Button
Dispute
Resolver
Contracts
Role Spec /
Combinator
Metrics