The Radical Transparency
of Ray Dalio’s ‘Principles’
TRUST IN RADICAL TRUTH AND RADICAL TRANSPARENCY Since its publication last year, Dalio’s book has risen to No. 5 on Amazon’s charts, become a No. 1 New York Times best seller, and been touted as revolutionary by some of the most successful businesspeople of our time. It’s a thick volume of just under 600 pages but nonetheless compelling. Dalio’s dedication to the idea of openness in all things is evident through the organization of his life’s work into a detailed and actionable program. Dalio’s transparency extends to creating an open forum for disagreement. In an earlier 2011 draft of Dalio’s “Principles,” he wrote about the importance of “creat[ing] an environment in which everyone has the right to understand what makes sense, and no one has the right to hold a critical opinion without speaking up about it.” RECOGNIZE HOW TO GET BEYOND DISAGREEMENTS.
If you grew up in an ordinary, middle- class neighborhood on Long Island, proceeded to found an investment firm out of your apartment in NYC, and went
From the outside, it might seem that such an uncompromisingly honest vision would create problems. After all, Bridgewater employees describe “public hangings” of those who don’t rigorously follow Dalio’s rules and attend meetings that sometimes stretch for hours due to disagreements about a single item on the agenda. But Dalio argues that creating this fluid, back-and-forth culture is a vital component of a healthy organization. SYSTEMATIZE THE DECISION-MAKING PROCESS. Aside from his trademark transparency and sometimes brutal honesty, “Principles” has one thread that runs through the whole book: Everything can and should be boiled down and understood with a simple system. By acknowledging how reality operates, you can transform your business and achieve clarity in every aspect of your life.
on to make more money for your clients than any other hedge fund in the history of the industry, you would assume there was something uniquely special about you, right? Not according to Ray Dalio, founder of Bridgewater Associates and one of the most successful — and influential, as 2012’s Time magazine attests — men in the world. He’ll be the first to tell you that there’s no secret to his genius. Just open his book and memorize the 200- plus “Principles” he honed over his career. Dalio believes these are the real reason he stands in such a prominent position today.
Laugh Out Loud
Balsamic Chicken With Bacon and Apples
With this one-pan wonder, you can complete an entire meal in under an hour. It tastes delicious and makes your kitchen smell heavenly.
Ingredients
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1/4 cup rosemary, finely chopped
•
1 1/2 pounds chicken breast, cut into pieces
10 ounces Brussels sprouts, halved, stems removed 2 apples, cored, peeled, and coarsely chopped
• • • •
1/4 balsamic vinegar
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1/2 cup olive oil
Juice of 1/2 lemon
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6 slices bacon, cut into squares
2 cloves garlic, crushed
Kosher salt and fresh ground pepper
1. Blend balsamic vinegar, olive oil, lemon, rosemary, and garlic to create marinade. Pour into bowl or sealable bag and add chicken. Marinate for at least 5 minutes or up to 12 hours. The longer you marinate, the more flavorful the chicken will be. 2. Heat oven to 375 F. Spread Brussels sprouts, bacon, and apples on a baking sheet. Add chicken and pour any extra marinade over the top. Season with salt and pepper to taste. 3. Bake 20–25 minutes until chicken is cooked through. For extra crispiness, turn heat to 425 F for the last 5 minutes. 4. Transfer to platter and serve immediately. Instructions inspired by wholesomelicious.com
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