Some of the principles Truth more precisely, an accurate understanding of reality is the essential foundation for producing good outcomes. Realize that you have nothing to fear from truth. Talk about Is it true? and Does it make sense? Understand that the ability to deal with not knowing is far more powerful than knowing. Do not feel bad about your mistakes or those of others. Love them! Remind yourself that the most valuable comments are accurate criticisms. It is your job as a manager to get at truth and excellence, not to make people happy. Pain + Reflection = Progress Dont hire people just to fit the first job they will do at Bridgewater; hire people you want to share your life with. Recognize that conflicts are essential for great relationships because they are the means by which people determine whether their principles are aligned and resolve their differences.

Consistent with Bridgewaters multi-year transition plan, in 2012 Dalio had ceased to be the CEO, changing his title to Co-CIO and Mentor. Greg Jensen, Eileen Murray, and David McCormick had replaced him as Co-CEOs.