Bridgewater Associates, the world’s largest hedge fund with $145 billion in assets,56 takes one such approach: Every meeting is recorded and made available to all employees. Bridgewater’s founder, Ray Dalio, explains: “My most important principle is that getting at the truth … is essential for getting better. We get at truth through radical transparency and putting aside our ego barriers in order to explore our mistakes and personal weaknesses so that we can improve.”
