“You have to put yourself in my shoes as a person who believes in radical truth and in being radically transparent, not in seeing things through somebody else's eyes.” BelievePersonsEyeSeeingShoesRadicalTransparent Author:Ray Dalio
“With the media, we don't know what's true, and we don't have radical transparency because we're seeing everything through somebody else's eyes. There's no other industry that has as much power and as much freedom and as little quality control. I can't imagine how anyone could not think that's a problem.” ThinkingKnowsLittlesI CanProblemEyeQualityImagineSeeingMediaIndustryRadicalTransparencyQuality Control Author:Ray Dalio
“I don't think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.” ThinkingLooksSelfIndividualMediaIndustryMembersBehaviorStandardsOrganizationOutlets Author:Ray Dalio
“We don't know what truth is anymore. You or other media people can say there's no problem, but you're losing your credibility. There's distortion, and it's hurting our society. And as a result of that, there will be forces that, one way or another, are going to naturally bring that into equilibrium.” PeopleKnowsWayProblemForceHurtResultsMediaTruth IsLosingOne WayOur SocietyNo ProblemCredibilityDistortionEquilibrium Author:Ray Dalio
“I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.” ThinkingBelieveSelfIndividualIndustryDon't BelieveRegulationOutlets Author:Ray Dalio
“I think it is in the nature of individuals and individual entities not to self-correct.” ThinkingSelfIndividualEntity Author:Ray Dalio
“In order to get past disagreements, you just can't have one person with power decide. In other words, so just because I'm a boss, it would be terrible if I then said, "Okay, we're gonna go do this." That's why, after that thoughtful disagreement, there has to be a process of an idea meritocracy. That means okay, now you have to vote, not that the decision resides with power. And then you vote and move beyond it.” IfsMeanPersonsSaidIdeasWould BePastMovingOrderProcessDecisionTerribleOkayVoteThoughtfulBossDisagreementMeritocracy Author:Ray Dalio
“I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments.” ThinkingKnowsSometimesProblemTruth IsArgument Author:Ray Dalio
“I'm sure Donald Trump will think that he has the truth, and some journalist is arguing that he has truth, and somebody else is arguing that they have the truth. And in fact it's even worse than that because they're so hell bent on their arguments that they will distort the truth consciously. They'll manipulate the facts to support their arguments because they're so hung up in the fight. That's where the problem is, so we argue all the time.” ThinkingFactsProblemFightingSupportHellTrumpArgumentArguingJournalistHungBentManipulate Author:Ray Dalio
