full transcript
"From the Ted Talk by Ray Dalio: How to build a company where the best ideas win"

Unscramble the Blue Letters

We do it because it eliminates what I believe to be one of the greatest tragedies of mankind, and that is people arrogantly, naïvely holding opinions in their minds that are wrong, and acting on them, and not putting them out there to srtses test them. And that's a tragedy. And we do it because it elevates ourselves above our own oipinnos so that we start to see things through everybody's eyes, and we see things collectively. Collective decision-making is so much better than iuidnaivdl decision-making if it's done well. It's been the secret sauce behind our scceuss. It's why we've made more money for our clients than any other hedge fund in existence and made money 23 out of the last 26 yaers.

Open Cloze

We do it because it eliminates what I believe to be one of the greatest tragedies of mankind, and that is people arrogantly, naïvely holding opinions in their minds that are wrong, and acting on them, and not putting them out there to ______ test them. And that's a tragedy. And we do it because it elevates ourselves above our own ________ so that we start to see things through everybody's eyes, and we see things collectively. Collective decision-making is so much better than __________ decision-making if it's done well. It's been the secret sauce behind our _______. It's why we've made more money for our clients than any other hedge fund in existence and made money 23 out of the last 26 _____.

Solution

  1. stress
  2. opinions
  3. individual
  4. success
  5. years

Original Text

We do it because it eliminates what I believe to be one of the greatest tragedies of mankind, and that is people arrogantly, naïvely holding opinions in their minds that are wrong, and acting on them, and not putting them out there to stress test them. And that's a tragedy. And we do it because it elevates ourselves above our own opinions so that we start to see things through everybody's eyes, and we see things collectively. Collective decision-making is so much better than individual decision-making if it's done well. It's been the secret sauce behind our success. It's why we've made more money for our clients than any other hedge fund in existence and made money 23 out of the last 26 years.

ngrams of length 2

collocation frequency
radical transparency 8
decision making 6
idea meritocracy 6
stock market 3
debt crisis 3
people thought 3
dot collector 3

Important Words

  1. acting
  2. arrogantly
  3. clients
  4. collective
  5. collectively
  6. elevates
  7. eliminates
  8. existence
  9. eyes
  10. fund
  11. greatest
  12. hedge
  13. holding
  14. individual
  15. mankind
  16. minds
  17. money
  18. opinions
  19. people
  20. putting
  21. sauce
  22. secret
  23. start
  24. stress
  25. success
  26. test
  27. tragedies
  28. tragedy
  29. wrong
  30. years