Ray Dalio, the founder and executive chairman of Bridgewater Associates, uses a similar approach to creating what he calls an “idea meritocracy” at his company, the largest hedge fund in the world. As members of the firm debate investments or ideas, they rate the assertions of the other participants, assembling them into a matrix that highlights agreement and disagreement. Everyone is urged to be “radically transparent” with their opinions, and the newest associate is welcome to tell Ray himself that he is wrong. Bridgewater takes the further step of applying an algorithm to the matrix, which
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