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Ray Dalio: How to Build a Company Where the Best Ideas Win (Transcript) |

Ray Dalio

Here is the full transcript of American billionaire investor Ray Dalio’s TED Talk: How to Build a Company Where the Best Ideas Win. 

Ray Dalio – American billionaire investor

Whether you like it or not, radical transparency and algorithmic decision-making is coming at you fast, and it’s going to change your life.

That’s because it’s now easy to take algorithms and embed them into computers and gather all that data that you’re leaving on yourself all over the place, and know what you’re like, and then direct the computers to interact with you in ways that are better than most people can.

Well, that might sound scary. I’ve been doing this for a long time and I have found it to be wonderful.

My objective has been to have meaningful work and meaningful relationships with the people I work with. And I’ve learned that I couldn’t have that unless I had that radical transparency and that algorithmic decision-making.

I want to show you why that is, I want to show you how it works. And I warn you that some of the things that I’m going to show you probably are a little bit shocking.

Since I was a kid, I’ve had a terrible rote memory. And I didn’t like following instructions, I was no good at following instructions. But I loved to figure out how things worked for myself.

When I was 12, I hated school but I fell in love with trading. The markets I caddied at the time, earned about five dollars a bag.

And I took my caddying money, and I put it in the stock market. And that was just because the stock market was hot at the time. And the first company I bought was a company by the name of Northeast Airlines.

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