Ray Dalio: How to embrace conflict
Masters of Scale
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Lessons from Failure and Radical Transparency
This chapter recounts young Ray Dalio's prophetic testimony before Congress in 1982 and the professional crisis that followed his predictions, highlighting the value of learning from failure. It emphasizes the importance of embracing conflict, fostering honest dialogue, and creating a culture of radical transparency within organizations. The discussion also addresses the need for a balance between meritocracy and recognizing the context of ideas, ensuring that diverse perspectives contribute to better decision-making.
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