Page 310 - Ray Dalio - Principles

It is the right and responsibility of management, and not the
right of all employees, to determine when exceptions to radical
transparency should be made. Management should restrict

transparency sparingly and wisely because every time they do,
it undermines the idea meritocracy and people’s trust.

f. Don’t share sensitive information with the organization’s enemies.

Both inside and outside of any organization, there are some
people who will intentionally cause the organization harm. If
these enemies are within your organization, you need to call
them out to resolve this conflict through the organization’s
system for achieving such resolutions, because working with

enemies within your “extended family” will undermine you
and the “family.” If the enemies are outside your organization
and will use the information to harm you, of course don’t
share it.

1.5 Meaningful relationships and

meaningful work are mutually

reinforcing, especially when

supported by radical truth and

radical transparency.

The most meaningful relationships are achieved when you and

others can speak openly to each other about everything that’s
important, learn together, and understand the need to hold each
other accountable to be as excellent as you can be. When you
have such relationships with those you work with, you pull
each other through challenging times; at the same time,

sharing challenging work draws you closer and strengthens
your relationships. This self-reinforcing cycle creates the
success that allows you to pursue more and more ambitious
goals.