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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. For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles for Success: https://amzn.to/34lgnNJ Connect with him on Facebook:...

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People and organizations that operate in an idea meritocractic way will annihilate those that don't. It will also help to read "Make Your Idea Meritocracy Work in a Way That Suits You" (pg 320 and 321 of Principles). For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles for Success: https://amzn.to/34lgnNJ Connect with him on Facebook: https://www.facebook.com/raydalio...

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It is harder to run an idea meritocracy in which disagreements are encouraged than a top-down autocracy in which they are suppressed. But when believable parties to disagreements are willing to learn from each other, their evolution is faster and their decision making is far better. For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles for Success: https://amzn.to/34lgnNJ Connect with...

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Being radically truthful and transparent with your colleagues and expecting them to be the same with you ensures that important issues are apparent instead of hidden. It also enforces good behavior and good thinking, because when you have to explain yourself, everyone can openly assess the merits of your logic. For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles for Success:...

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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. For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles …

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People and organizations that operate in an idea meritocractic way will annihilate those that don’t. It will also help to read “Make Your Idea Meritocracy Work in a Way That Suits You” (pg 320 and 321 of Principles). For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles …

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It is harder to run an idea meritocracy in which disagreements are encouraged than a top-down autocracy in which they are suppressed. But when believable parties to disagreements are willing to learn from each other, their evolution is faster and their decision making is far better. For more from Ray: Principles | #1 New York …

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By starting near the bottom and climbing to near the top, you can see things as “another one of those” and remember how you dealt with a similar situation a previous time. You begin to see things more clearly, and apply learnings from a previous encounter to this one. For more from Ray: Principles | … Continue...

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There is no avoiding pain, especially if you’re going after ambitious goals. Believe it or not, you are lucky to feel that kind of pain if you approach it correctly, because it is a signal that you need to find the solutions so you can progress. Remember this: the pain is all in your head. … Continue reading...

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Being radically truthful and transparent with your colleagues and expecting them to be the same with you ensures that important issues are apparent instead of hidden. It also enforces good behavior and good thinking, because when you have to explain yourself, everyone can openly assess the merits of your logic. For more from Ray: Principles …

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