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Founder's Journal

Lessons from a Billionaire Investor: Part II

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.81.1K Ratings

🗓️ 18 February 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Ray Dalio is truly one of the greatest thinkers of our generation. In this episode I outline how his philosophies can be applied to hiring new staff members, managing employees and more. Check out the full transcript of this episode below, and if you have any ideas for our show, email me at [email protected] or my DMs are open @businessbarista. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone, this is Alex Lieberman,

0:02.2

co-founder and executive chairman of Morning Brew.

0:05.2

Welcome back to Founder's Journal,

0:06.8

my personal audio diary,

0:08.8

where I give you the business builder,

0:10.5

the tools you need to think better in order to build better,

0:13.4

whether that's building a business,

0:14.9

a team, or a new product.

0:17.5

It is time for part two of the lessons

0:20.0

from the book principles,

0:21.1

an amazing read by Ray Dalio,

0:23.1

the founder of Bridgewater Associates.

0:25.1

On this episode, we are going to focus

0:27.1

on work-specific principles from Dalio.

0:29.6

Let's hop into it.

0:34.4

From Ray Dalio's point of view,

0:36.3

and my point of view too, hiring is broken.

0:39.7

We are typically very bad at assessing ourselves

0:43.0

and assessing others.

0:44.5

And if you believe that to be true,

0:46.5

you should also believe that the traditional interviewing

0:49.0

process is very bad at hiring the right people,

...

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