How Do I Know I'm Right?

6min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Bridgewater CEO Ray Daliop lost money calling the markets in 1982. He was laid low by his own hubris and had to borrow $4,000 from his dad for family expenses. The loss taught him that he needed someone who could challenge his theories. Bridgewater has a rigorous formalized method of telling uncompromising truths.

Want to improve any idea? Find someone who disagrees with it. This is something legendary investor Ray Dalio knows. But there’s a difference between constructive and destructive conflict — and Dalio is a master at spotting the difference. In constructive conflict, a team has a shared goal, whether or not they have differing opinions. And this is the key to success. Cameo appearances: Steve Horgan (USA Field Hockey Director of Umpiring), Daniel Amen (psychiatrist, founder of Amen Clinics).

Read a transcript of this episode: https://mastersofscale.com

Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.