Ray Dalio of Bridgewater on how his huge hedge fund, Bridgewater Associates, uses dots – for employees to rate other employees!
– Employees use iPads with proprietary “dot collector” software
Dalio, and Bridgewater, uses ‘radical transparency’ to encourage a meritocracy of ideas. Turnover at the firm is high, with an estimated 25% of staff leaving within 18 months of staring.