As I was re-reading Ray Dalio (Trades, Portfolio)'s "Principles," I came across a very important aspect of the text. It is about having the boldness to make rational and logical decisions, something that is critical for us to achieve satisfactory results. Before I go on, it is important to highlight that Dalio runs one of the most famous hedge funds in the world, Bridgewater, which has obtained impressive results. Among the peculiarities of the fund, Dalio promotes complete transparency among its employees, with nearly all conversations being recorded and posted so that any employee can listen.
He is famous for his essay and a video titled "How the Economic Machine Works," in which he summarizes his view on the economy and the foundation of his global-macro strategy. These are Dalio's suggestions to make logical decisions. Continue Reading »