How the Best Ideas Win: The Story of Ray Dalio and Bridgewater Associates
The Idea Meritocracy Imagine that you are the CEO of the largest hedge fund in the world, a hedge fund that has produced more net gains than any other firm in history. Now imagine that, after an important meeting, you receive this email from a subordinate, CC’ed to other senior people: … you deserve a “D-” for your performance today in the ABC meeting […] This was especially disappointing for two reasons: 1) You have been great in previous meetings…