Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
Ray DalioWhen you're faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
Ray DalioI believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature's laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
Ray DalioI also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
Ray DalioThe biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
Ray Dalio