<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="With big tech facing a reckoning in America over an array of controversies from data breaches to sexual misconduct, Silicon Valley does not always elicit warm feelings from those outside the world of technology.” data-reactid=”15″>With big tech facing a reckoning in America over an array of controversies from data breaches to sexual misconduct, Silicon Valley does not always elicit warm feelings from those outside the world of technology.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="But hedge fund titan Ray Dalio of Bridgewater Associates recently praised the “open-minded” ethos of many Silicon Valley startups, during an interview with Yahoo Finance’s Melody Hahm at TechCrunch Disrupt in San Francisco.” data-reactid=”16″>But hedge fund titan Ray Dalio of Bridgewater Associates recently praised the “open-minded” ethos of many Silicon Valley startups, during an interview with Yahoo Finance’s Melody Hahm at TechCrunch Disrupt in San Francisco.
“Some of the most successful innovative companies, and then some of the startups that are just getting going, are open-minded and thinking about new and better ways of doing things. So Silicon Valley, I love it, because they really resonate the idea of meritocracy,” said Dalio, who spoke at TechCrunch Disrupt about how to “evaluate talent and make decisions.”
Dalio added, “To know one’s strengths and one’s weaknesses. To work in a community where there’s meaningful work and meaningful relationships. It resonates here. So that receptivity is really big here.”
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In addition to managing the world’s biggest hedge fund, Dalio is a sometimes-polarizing management guru whose 2017 book “Principles” and the so-called radical transparency it espouses have captured the attention of some of Silicon Valley’s biggest leaders. Microsoft (MSFT) founder Bill Gates once tweeted, “I always learn a lot from my friend @RayDalio,” while Netflix (NFLX) CEO Reed Hastings said in a book blurb that “Principles” had a “profound” effect on his leadership style.” data-reactid=”30″>In addition to managing the world’s biggest hedge fund, Dalio is a sometimes-polarizing management guru whose 2017 book “Principles” and the so-called radical transparency it espouses have captured the attention of some of Silicon Valley’s biggest leaders. Microsoft (MSFT) founder Bill Gates once tweeted, “I always learn a lot from my friend @RayDalio,” while Netflix (NFLX) CEO Reed Hastings said in a book blurb that “Principles” had a “profound” effect on his leadership style.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="That book urges people in the workplace to be “radically transparent,” which Dalio writes involves sharing the information that’s hardest to share and potentially firing workers who can’t handle the truth. In his book, Dalio writes, “Realize you have nothing to fear from knowing the truth.” It makes sense that Dalio admires the ability of some startup employees in Silicon Valley to know their strengths and weaknesses — that is a central tenet of his management philosophy.” data-reactid=”31″>That book urges people in the workplace to be “radically transparent,” which Dalio writes involves sharing the information that’s hardest to share and potentially firing workers who can’t handle the truth. In his book, Dalio writes, “Realize you have nothing to fear from knowing the truth.” It makes sense that Dalio admires the ability of some startup employees in Silicon Valley to know their strengths and weaknesses — that is a central tenet of his management philosophy.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The notion of brutal honesty in the workplace has of course invited some detractors. Back in 2017, Vanity Fair’s Bess Levin lamented that “Bridgewater’s nightmarish management philosophy is headed west.” And Ben Waber, the CEO of Humanyze, argued in Quartz last year, that radical transparency can actually ding morale and make it harder for workers to collaborate if employees feel their colleagues have unfairly characterized them as untrusty or poorly skilled.” data-reactid=”32″>The notion of brutal honesty in the workplace has of course invited some detractors. Back in 2017, Vanity Fair’s Bess Levin lamented that “Bridgewater’s nightmarish management philosophy is headed west.” And Ben Waber, the CEO of Humanyze, argued in Quartz last year, that radical transparency can actually ding morale and make it harder for workers to collaborate if employees feel their colleagues have unfairly characterized them as untrusty or poorly skilled.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For his part, Dalio as previously countered criticism by noting to the Wall Street Journal that talking behind a colleague’s back is “so corrosive, it’s just bad.” In Silicon Valley, the hedge fund titan has apparently found others willing to embrace that radical philosophy.” data-reactid=”33″>For his part, Dalio as previously countered criticism by noting to the Wall Street Journal that talking behind a colleague’s back is “so corrosive, it’s just bad.” In Silicon Valley, the hedge fund titan has apparently found others willing to embrace that radical philosophy.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Erin Fuchs is deputy managing editor at Yahoo Finance.” data-reactid=”34″>Erin Fuchs is deputy managing editor at Yahoo Finance.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more:” data-reactid=”35″>Read more:
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Billionaire hedge fund manager Ray Dalio says his ‘most valuable principle’ is meditation” data-reactid=”36″>Billionaire hedge fund manager Ray Dalio says his ‘most valuable principle’ is meditation
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Ray Dalio: ‘I’m going to go quiet in about a year’” data-reactid=”37″>Ray Dalio: ‘I’m going to go quiet in about a year’
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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.” data-reactid=”40″>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.
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