Ray Dalio: How to embrace conflict
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 26 October 2021
⏱️ 48 minutes
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Summary
Want to improve any idea? Find someone who disagrees with it. This is something legendary investor Ray Dalio knows. But there’s a difference between constructive and destructive conflict – and Dalio is a master at spotting the difference. In constructive conflict, a team has a shared goal, whether or not they have differing opinions. And this is the key to success. Cameo appearances: Steve Horgan (USA Field Hockey Director of Umpiring), Daniel Amen (psychiatrist, founder of Amen Clinics).
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Transcript
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| 0:00.0 | Real leaders don't back down when the stakes are high. They innovate. They push forward, |
| 0:07.5 | and then they take the stage at the Masters of Scale Summit. |
| 0:11.6 | Join us in San Francisco, October 7th to 9th to hear from the CEO of the New York Times, |
| 0:17.1 | scientists using cutting-edge technology to find cures, the leader of crypto powerhouse |
| 0:22.0 | Coinbase, a retired four-star general, and many, many more. |
| 0:26.7 | Apply now at mastersofscale.com slash apply 25. |
| 0:31.7 | That's masters of scale.com slash apply 25. |
| 0:36.9 | Your company's data is everywhere in systems, in silos and across teams. But if your |
| 0:42.8 | AI can't reach it, then that data isn't working for you. Every business has unique data, |
| 0:48.0 | what really makes a difference is how you use it. IBM helps your AI access your data wherever |
| 0:53.4 | it lives to change how you do business. Let's |
| 0:57.0 | create smarter business, IBM. I was assigned to a match between India and Pakistan. This game was |
| 1:09.5 | being televised. |
| 1:15.4 | I'll guarantee you I didn't sleep the night before on this one. |
| 1:24.0 | That's Steve Horgan, legendary field hockey umpire for the Olympics, World Cup, and the NCAA. |
| 1:29.6 | And he's telling us about one of the most memorable games from his decades in the sport. |
| 1:36.6 | But before we hear about that, you might be trying to remember which one is field hockey again? |
| 1:44.7 | You might want to take ice hockey, mix it with soccer, add a little bit of lacrosse. |
| 1:49.6 | That's right. It's the one that's like soccer, but with sticks. |
| 1:51.8 | See, I know about sports. |
| 1:58.0 | In any athletic competition, the umpire is keeper and enforcer of the rules. But they also play a less visible role, conflict mediator, and even |
| 2:04.3 | field hockey has its share of conflict. |
... |
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