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Podcast: Decoder with Nilay Patel
Episode: Recode Decode: Ray Dalio, author, 'Principles: Life and Work'
Description: Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, talks with Recode's Kara Swisher about his new book, "Principles: Life and Work." In it, he lays out how he makes smarter decisions based on clearly articulated criteria and how that process has worked on a massive scale at Bridgewater, which Dalio describes as an "idea meritocracy." At the controversial hedge fund, every conversation is recorded for anyone to consult, and every decision is compared against the employees' transparent histories of successes and defeats. Dalio also talks about why independent thinking is the most important principle, how...