Ray Dalio; the Steve Jobs of Investing (Podcast)

Tim Ferris, best-selling author and investor, deconstructs world-class performers from eclectic areas in his podcast to extract the tactics, tools, and routines you can use. Ray Dalio is founder and CEO of one of the biggest hedge funds Bridgewater Associates and author of the book Principles. In this podcast Ferriss and Dalio talk about a wide variety of topics. The conversation starts with talking about Dalio’s background growing up in New York and how he was interested in finance from a young age. Part of the conversation is about the book “Principles” Dalio wrote and why it has been crucial for his success. One of the principle Ferriss and Dalio discussed extensively is ‘pain+reflection = progress’. Bridgewater is known for a meticulous and specific culture in which Dalio explains their meritocratic environment and its tools + protocols the 1000+ employees comply and adhere to. The conversation switches into a more personal topic where both Ferriss and Dalio share their experience with depression. The final parts of the conversation center around Dalio’s idea of what generates happiness and his approach to investing.

Strategic Transformation at Tennis Canada (Article)

The European Business Review is the leading business intelligence magazine provides readers with indispensable insight, current best practices and breakthrough ideas. Roger Martin, Director and Chairman of Tennis Canada, explains how the board approached the short term and long term strategy of Tennis Canada with a budget that was less than 10% of other major foundations. This strategy was (successfully) developed after answering 5 key strategy questions: what is the winning aspiration, where to play, how to win, what capabilities must be in place, and what are our management systems.