Problem Solving

Source: Ray Dalio's Book Principles

1. Assign responsibilities based on workflow design and people’s abilities, not job titles. 2. Constantly think about how to produce leverage. 3. Recognize that it is far better to find a few smart people and give them the best technology than to

1.Investigate and let people know you are going to investigate. 2. Remember that there is no sense in having laws unless you have policemen (auditors). 3. Beware of rubber-stamping. 4. Recognize that people who make purchases on your behalf probably will not

1. Don’t put the expedient ahead of the strategic. 2. Think about both the big picture and the granular details, and understand the connections between them. Source: Ray Dalio's Book Principles

1. Involve the person who is the point of the pyramid when encountering cross-departmental or cross-sub-departmental issues. 2. Don’t do work for people in another department or grab people from another department to do work for you unless you speak to the

1. Don’t expect people to recognize and compensate for their own blind spots. 2. Consider the clover-leaf design. Source: Ray Dalio's Book Principles

1. Build your organization from the top down. 2. Remember that everyone must be overseen by a believable person who has high standards. 3. Make sure the people at the top of each pyramid have the skills and focus to manage their

Understand the power of the “cleansing storm.” Source: Ray Dalio's Book Principles

1. Put yourself in the position of pain for a while so that you gain a richer understanding of what you’re designing for. 2. Visualize alternative machines and their outcomes, and then choose. 3. Consider second- and third-order consequences, not just first-order

Create great decision-making machines by thinking through the criteria you are using to make decisions while you are making them. Source: Ray Dalio's Book Principles