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#36: Principles by Ray Dalio

Books of Titans Podcast

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Bridgewater's Radical Transparency

Daliyah shared an email that he got from Jim Haskell who is one of his employees at Bridgewater after a meeting. He said, you deserve a D minus for your performance today in the meeting. You did not prepare at all because there is no way you could have and then that disorganized. We can't let this happen again. If you in any way think my view is wrong, please ask the others or we can talk about it. The big point was to build that radical transparency. And if we look at those results, that company predicted the 1987 market crash, the Monday stock crash, they were up 22% on that day. They predicted the 2008 financial crisis and they most

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