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Ray Dalio on Failure, Meaningful Work and Relationships

Masters in Business

00:00

How Do We Have Believability Weighted Decision Making?

I wanted to have believability weighted decision making. Imagine if you knew the probability of each person making a high quality decision and then you decided that would be taken into consideration. I was I'd go around the table and then there was not much attention paid to who knows exactly what. And maybe they're not good at it. So that's a problem. Or you can have autocratic decision making. The boss kind of makes the decision and thenyou sort of decide and everybody walks out. It made me wonder what were the meanings like in the early days of Bridgewater.

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