Problem Solving

Source: Ray Dalio's Book Principles

"Recombination is incredibly powerful and if we have a few solutions. Or futuristic. We can combine those to create evermore and that may be the real driving force behind innovation in the economy, is that when we come up with a solution

"The team can only get stuck at a solution that's a local optima for everyone on the team. That means the team has to be better than the people in it. So what we want, right, you want people with different local

"A heuristic technique (/hjuːˈrɪstɪk/; Ancient Greek: εὑρίσκω, "find" or "discover"), often called simply a heuristic, is any approach to problem solving, learning, or discovery that employs a practical method not guaranteed to be optimal or perfect, but sufficient for the immediate goals.

"hat a perspective is going to be is it’s going to be a representation of all possible solutions. So it’s some encoding of the set of possible solutions to the problem. Once we have that encoding of the set of possible solutions,

" The big idea is this: I have some solution from one problem, you have a solution from a different problem, and sometimes I can take your solution and combine it with my solution, and come up with something even better. So,

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. 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.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