Summary of How to Build a Company Where the Best Ideas Win

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How to Build a Company Where the Best Ideas Win summary
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9 Overall

9 Applicability

10 Innovation

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Imagine a work culture where people say what they think and where the company acts on the best ideas, regardless of who voices them. Ray Dalio, founder of the top hedge fund Bridgewater Associates, describes how an algorithm-supported “idea meritocracy” has driven Bridgewater’s success. getAbstract believes that investors, private-asset managers and business executives could benefit from this remarkable talk by the “Steve Jobs of investing.”

In this summary, you will learn

  • How “radical transparency and algorithmic decision making” can make your business or team more successful;
  • How to establish and run an “idea meritocracy”; and
  • Why data-based, collective decisions are good for business.
 

About the Speaker

Ray Dalio founded global investment firm Bridgewater Associates and is the author of Principles.

 

Summary

Prepare for the rising tide of “radical transparency and algorithmic decision making” in business. Computer algorithms are recording your preferences to enhance your digital interactions. Yet, don’t be alarmed. Transparency and decision-making algorithms can make work and relationships more meaningful...

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