“The traditional relationship between “leaders” and “followers” is the opposite of what I believe is needed to be most effective, and being maximally effective is the most important thing a “leader” must do.” – Ray Dalio
Although I have been a librarian for over twenty-two years, it still amazes me that certain books can have a deep impact on our view of the world and ourselves. This is happening to me right now with a remarkable book called Principles by Ray Dalio.
Ray Dalio founder, co-chairman and co-chief investment officer of Bridgewater Associates, has written a book that seeks to encapsulate the amazing culture that he built in his company. Bridgewater is designed as an idea meritocracy, where seeking the truth is paramount to all else. It is believed that a culture which prizes openness and vigorous debate above authoritarian structures is the key to success.
Dalio’s views on leadership were so intriguing to me that I wrote an article to explore them deeper. The excerpt below discusses why Dalio believes that leaders should not be afraid to ask questions.
Dalio places a high premium on asking questions. While some leaders may hesitate to ask questions out of concern that they may look ignorant or uninformed, Dalio believes that asking questions is, “necessary in order to become wise and it is a prerequisite for being strong and decisive.” Taking it even a step further, he believes that leaders should not hesitate to seek out those who are smarter and wiser then themselves, and even let staff who are better equipped in an area take the lead. Ego and self promotion have no place in a true meritocracy. As Dalio states, “The objective is to have the best understanding to make the best possible leadership decisions.”
Read the entire article and let me know your thoughts on this challenging approach to leadership.