If your people are bound by a sense of community and mission and they are capable, you will have an extraordinary organization.
When faced with the choice between two things you need that are seemingly at odds, go slowly to figure out how you can have as much of both as possible. There is almost always a good path that you just haven’t figured out yet, so look for it until you find it rather than settle for the choice that is then apparent to you.
What I wanted was to have an interesting, diverse life filled with lots of learning – and especially meaningful work and meaningful relationships. I feel that I have gotten these in abundance and I am happy.
Establish clear metrics to make certain that you are following your plan.
Remember that weaknesses don’t matter if you find solutions.
Everyone has weaknesses. They are generally revealed in the patterns of mistakes they make.
I cannot emphasize enough how important the selection, training, testing, evaluation, and sorting out of people is.
In order to match a person to the design, start by creating a spec sheet so that there will be a consistent set of criteria that can be applied from recruiting through performance reviews. Bridgewater’s spec sheets use the same bank of qualities as our Baseball Cards.
If you can be open with your weaknesses it will make you freer and will help you deal with them better. I urge you to not be embarrassed about your problems, recognizing that everyone has them.
It is more practical to be honest about one’s uncertainties, mistakes, and weaknesses than to pretend they don’t exist. It is also more important to have good challengers than good followers.
The first step is a cue – some “trigger that tells your brain to go into automatic mode and which habit to use,” according to Duhigg. Step two is the routine, “which can be physical or mental or emotional.” Finally, there is a reward, which helps your brain figure out if this particular loop is “worth remembering for the future.” Repetition reinforces this loop until over time it becomes automatic. This anticipation.
His advice has helped me in my planning for Bridgewater’s future. For example, when I asked him about checks and balances of power, he pointed to Julius Caesar’s overthrow of the Roman Senate and Republic as an illustration of how important it is to make sure no one person is more powerful than the system. I took his advice to heart as I set out to improve Bridgewater’s governance model.
To be principled means to consistently operate with principles that can be clearly explained.
Remember that people typically don’t change all that much.
Wekanesses don’t matter if you find solutions to them.
Think of your teams the way that sports managers do: No one person possesses everything required to produce success, yet everyone must excel.
All Weather Portfolio.
Don’t assume that a person who has been successful elsewhere will be successful in the job you’re giving them. No.
Having greatly reduced its price risk, McDonald’s introduced the McNugget in 1983. I felt great about helping make that happen.
Synthesis is the process of converting a lot of data into an accurate picture.