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There was a new yorker article about this http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy?printable=true&currentPage=all http://www.newyork

by rajpaul 15y ago

There was a new yorker article about this http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy?printable=true&currentPage=all http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_... Transparency is an interesting theme in the New Yorker article. Dalio sees ego as being a major barrier to success. He makes efforts to create an organization where frank discussions can take place without emotions getting involved.

Aykroyd 15y ago
The New Yorker article was really interesting. This other article's title is pretty annoying. The title is way too exaggerated. I'm tired of these "click-bait" calculations on the part of media outlets.
rhizome 15y ago
Ego minimization is a hallmark of cults, inflicting torture, and the military. What Dalio is looking for is a reliably top-down-authoritarian company.
- rajpaul 15y ago
  Except that it isn't a cult. It is a company, where people are compensated, and free to leave. The comparison isn't serious, so don't take it that way.
  - rdtsc 15y ago
    Most cults don't imprison people either, they are physically free to leave, they are just brainwashed not to want to.
  - rhizome 15y ago
    I didn't say it was a cult any more than I said it was a branch of the (or a) military.
- buff-a 15y ago
  Complaining about ego minimization is a hallmark of egos.
  - rhizome 15y ago
    Observations aren't the same thing as complaints.
    - buff-a 15y ago
      Using logical fallacies[1] to complain, and then claiming that those remarks were merely "observations" is a hallmark of egos. [1] http://www.fallacyfiles.org/guiltbya.html
      - rhizome 15y ago
        Are opinions hallmarks of egos as well?
        cakeface 15y ago
        I think one of Dalio's principles answers that. "Ask yourself whether you have earned the right to have an opinion."
  - jacques_chester 15y ago
    Saying that things are the hallmark of egos is a hallmark of egos.
- mdda 15y ago
  But getting emotionally attached to particular positions (ideas/trades/etc) is a hallmark of the kind of money-losing paradoxes that humans get themselves into. Being able to step back and be self-critical is extremely important to trading well. Simple example : Suppose you bought Apple stock 2 years ago. It has been a home-run. Do you sell it now? (record your answer). Now look at the facts : You didn't actually buy the stock 2 years ago (most likely). If you said 'sell now' would you short Apple stock now? If you said hold, would aren't you really saying that you should buy it now? It's a trivial example (wrong in many small ways, illustrative as far as the first-order argument goes, IHMO). Of course, if the example is bad : tell me why. The whole point is that not attaching ego to the argument leads to a better discussion : And deeper understanding. And that's what the company is trying to get at.

by rajpaul 15y ago

Aykroyd 15y ago

The New Yorker article was really interesting. This other article's title is pretty annoying. The title is way too exaggerated. I'm tired of these "click-bait" calculations on the part of media outlets.

rhizome 15y ago

Ego minimization is a hallmark of cults, inflicting torture, and the military. What Dalio is looking for is a reliably top-down-authoritarian company.

rajpaul 15y ago
Except that it isn't a cult. It is a company, where people are compensated, and free to leave. The comparison isn't serious, so don't take it that way.
- rdtsc 15y ago
  Most cults don't imprison people either, they are physically free to leave, they are just brainwashed not to want to.
- rhizome 15y ago
  I didn't say it was a cult any more than I said it was a branch of the (or a) military.
buff-a 15y ago
Complaining about ego minimization is a hallmark of egos.
- rhizome 15y ago
  Observations aren't the same thing as complaints.
  - buff-a 15y ago
    Using logical fallacies[1] to complain, and then claiming that those remarks were merely "observations" is a hallmark of egos. [1] http://www.fallacyfiles.org/guiltbya.html
    - rhizome 15y ago
      Are opinions hallmarks of egos as well?
      - cakeface 15y ago
        I think one of Dalio's principles answers that. "Ask yourself whether you have earned the right to have an opinion."
- jacques_chester 15y ago
  Saying that things are the hallmark of egos is a hallmark of egos.
mdda 15y ago
But getting emotionally attached to particular positions (ideas/trades/etc) is a hallmark of the kind of money-losing paradoxes that humans get themselves into. Being able to step back and be self-critical is extremely important to trading well. Simple example : Suppose you bought Apple stock 2 years ago. It has been a home-run. Do you sell it now? (record your answer). Now look at the facts : You didn't actually buy the stock 2 years ago (most likely). If you said 'sell now' would you short Apple stock now? If you said hold, would aren't you really saying that you should buy it now? It's a trivial example (wrong in many small ways, illustrative as far as the first-order argument goes, IHMO). Of course, if the example is bad : tell me why. The whole point is that not attaching ego to the argument leads to a better discussion : And deeper understanding. And that's what the company is trying to get at.