"I think you have to have, not a really thick skin, but you can't have a thin skin, I don't think, to go through something like that," Whitaker said. This book will unfortunately be removed from the service on the 14th of May. As an employee speaks, no matter their job level, everyone else in the meeting grades their performance: Am I learning anything from this person? Is their presentation clear and concise? The data is collected in "dots." At meetings at Dalio's Bridgewater Associates, employees grades each other's' performance in real time. The latter means those conversations are videotaped and scrutinized to keep a record that everyone can see.ĭalio invited 60 Minutes cameras to a morning meeting at Bridgewater to see the practice in action. He demands "radical truthfulness" and "radical transparency." The former means people must say what they honestly think. To achieve that, Dalio wants something unheard of in the world of office politics and water cooler gossiping. Instead, he wants his employees to have the opportunity to contribute and to find out the best ideas. That's because no one person knows what's best, he said. Dalio told Whitaker he doesn't want an environment in which one person or group makes all the decisions. Dalio's principles create what he calls an "idea meritocracy," a work system in which the best ideas win out.
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