Masters of Scale Ray Dalio: How to embrace conflict
Nov 26, 2019
In this enlightening conversation, Ray Dalio, legendary investor and founder of Bridgewater Associates, emphasizes the importance of constructive conflict in driving innovation. He reveals how embracing diverse opinions can lead to better outcomes and shares insights from his experiences with radical transparency. Dalio also discusses the delicate balance between human judgment and AI in decision-making, and highlights lessons learned from failure. With cameo appearances from experts like Steve Horgan and Daniel Amen, this discussion is a masterclass in navigating disagreements for success.
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Mediating Conflict in Sports
- Steve Horgan, an Olympic field hockey umpire, recalls a tense India vs. Pakistan match.
- By intervening early and appealing to shared goals, he facilitated a brilliant, sportsmanlike game.
Disagreement Fuels Innovation
- Disagreement fuels innovation and strong companies when harnessed constructively.
- Seek diverse perspectives to improve decision-making and focus work.
Ray Dalio's 1982 Prediction
- In 1982, Ray Dalio's confidently incorrect economic predictions led to significant losses.
- This humbling experience taught him the importance of seeking diverse perspectives.
