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The hedge fund Bridgewater Associates has a very similar philosophy (some would say a cult[1]); they call it "radical transparency". It's a major component of
by jimmytucson 11y ago
The hedge fund Bridgewater Associates has a very similar philosophy (some would say a cult[1]); they call it "radical transparency". It's a major component of Ray Dalio's "Principles", which is a 123 page manuscript[2] that prospective candidates and new joiners are advised to read and absorb.
Not that Bridgewater should be the ultimate test case for this way of operating but it's a notoriously unforgiving place to work. The turnover rate there is 25% in the first 18 months[3].
It seems you just have to have really thick skin (or be really jaded) to be able to handle "radical candor" or "radical transparency". Furthermore, it's evidently really tricky to avoid devolving into pure invective. (I guess, in terms of Kim's graph, it's hard to stay high enough on the Y axis as you drift to the right on the X axis.)
[1] http://nymag.com/news/business/wallstreet/ray-dalio-2011-4/ http://nymag.com/news/business/wallstreet/ray-dalio-2011-4/
[2] http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf http://www.bwater.com/Uploads/FileManager/Principles/Bridgew...
[3] http://www.ai-cio.com/channels/story.aspx?id=3735&page=3&p=3 http://www.ai-cio.com/channels/story.aspx?id=3735&page=3&p=3
- tomp 11y ago> Not that Bridgewater should be the ultimate test case for this way of operating but it's a notoriously unforgiving place to work. The turnover rate there is 25% in the first 18 months[3]. What's the turnover rate after 18 months? Maybe they're just "bad" at hiring (or their hiring criteria is such that they need more than a few hours of interviews to satisfy them), but the people who really fit stay there a long time.