How idea meritocracy works like a machine to produce successful organizations

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Ray Dalio
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An organization is a machine consisting of two parts: culture and people. A great organization has both great people and a great culture. Great people have both great character and great capabilities and contribute positively to their company.

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About Ray Dalio

Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.

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