I wanted to share with you a TedTalk I am loving right now by Billionaire Ray Dalio!
Ray Dalio is the founder of Bridgewater Associates, one of the World’s Largest Hedge Fund Companies.
Ray’s talk is on “How to build a company where the best ideas win.” In it, Ray makes a really strong case for using radical transparency as a way of doing business. What that looks like is it creates a culture whereby people feel free to speak up, say what they really think, even call people out, even if it’s the Boss! Ray then takes this information and produces it into an actual algorithm whereby the company then uses to make accurate decisions.
Why is this important?
It is this strategy that Ray attributes to helping him create one of the most successful hedge fund companies in the world. Watch TedTalk
Why should you care?
Ray explains how he used to make a lot of painful mistakes, and how he changed that was by first changing his attitude about the meaning he gave these mistakes. He started to think…what if they were just puzzles, and if he could just solve the puzzles?
Then these puzzles would give him gems.
From these puzzles (mistakes), he would ask himself “What would I do differently in the future?” (so I won’t make that painful mistake)
From that question, he would then get all the gems, which he calls principles, and those principles are what he used to build Bridgewater Associates into the world class company it is today.
How did he do that? He took the gems, his principles, and embedded them into his software program which allowed his computers to make decisions along with him and his employees. Ray could then see the comparison from his decisions to what the algorithm gem would decide, and the algorithm was was a lot better.
1) It was faster
2) More Accurate
3) Was less emotional
This radically improved his companies accurate decision making.
Why does this matter?
In my direct experience, “Our need to be right is one of our greatest hindrances to our Success.”- Mia
I know because it was my greatest hindrance and I was blind to it. Because I was so afraid to look stupid or be wrong, I would make silly mistakes or pretend I knew what I was talking about even when I didn’t. In my past, to be wrong, felt like a death.
Only when a coach helped me see it, could I access it, and shifting it.
Take a look in your life... where do you experience frustration, anger, irritation?
What are you needing to be right about?
What does that cost you Emotionally? Financially? Spiritually? Physically? Mentally?
How can this support you?
By being willing to be radically transparent with yourself, you can begin getting to the source of what is really stopping you.
Like Ray, you may have your emotional opinions about what you think is the right thing to do yet, unless you have an advance software program with built in algorithms to give you accurate feedback, consider using a trusted source.
Find a trusted master coach who is trained to see the patterns you’re not seeing, and knows how to support you in shifting them quickly.
Then, like Ray’s company, you’ll get your results faster, more accurately, and with less negative emotion!
Here are my 4 Steps To Implement:
1) Take your painful mistakes and change the meaning of them.
2) Take a look in your life
- Where do you experience frustration, anger, irritation?
- Ask yourself what are you needing to be right about?
- What does that cost you Emotionally? Financially? Spiritually? Physically? Mentally?
- Ask yourself What would give me the result I want?
- Who would I need to BE to get that result?
3) Consider using a trusted source.
It was a coach who helped me see the gems of my mistakes, and my need to be right. Find a trusted master coach who is trained to see the patterns, you’re not seeing, and knows how to support you in shifting them quickly.
4) Your work is to implement now the principles that you discover.
Based on your mistakes, the gems in your life, your work is to turn them into principles you can use as your guide to becoming your own algorithm, for making consistent, accurate decisions.
Then, like Ray’s company, you will get faster results, more accurately, and with less negative emotion!
If you need additional support go here to: schedule a FREE 45 Minute No-Pitch Session.
What are your thoughts? I would love to hear them! I will be speaking about this today on my Facebook Page (Wednesday) at 12 pm (EST).
I’ll be there answering your questions…so drop on by so we can chat!
You are Incredible. It is time to start living it.
With love & respect,