Page 238 - Ray Dalio - Principles
P. 238

THINK

                                                        ING







                                                      PRINC

                                                      IPLES







                                                      ALGO

                                                       RITH

                                                         MS




                          Specifying  our  investment  decision-making  criteria  in
                       algorithms  and  running  historical  data  through  them,  or
                       specifying our work principles in algorithms and using them to
                       aid in management decision making, are just bigger and more
                       complicated versions of that smart thermostat. They allow us

                       to  make  more  informed  and  less  emotional  decisions  much
                       faster than we could on our own.

                          I  believe  that  people  will  increasingly  do  this  and  that
                       computer coding will become as essential as writing. In time,
                       we will use machine assistants as much for decision making as
                       we do for information gathering today. As these machines help
                       us,  they  will  learn  about  what  we  are  like—what  we  value,

                       what our strengths and weaknesses are—and they will be able
                       to tailor the advice they give us by automatically seeking out
                       the help of others who are strong where we are weak. It won’t
                       be long before our machine assistants are speaking to others’
                       machine assistants and collaborating in this way. In fact, that’s
                       beginning to happen already.

                          Imagine  a  world  in  which  you  can  use  technology  to

                       connect to a system in which you can input the issue you’re
                       dealing  with  and  have  exchanges  about  what  you  should  do
                       and  why  with  the  highest-rated  thinkers  in  the  world.  We’ll
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