Billionaire Ray Dalio says this is how to be 'truly successful' (via CNBCMakeIt)
Billionaire investor Ray Dalio wrote "Principles," a book that has been has hailed by a range of leaders and entrepreneurs for its insights.with roughly $160 billion in assets. But he says there's one lesson it took him decades to learn about how to be "truly successful." That lesson has to do with surrounding yourself with people who are even more talented than yourself..
"After decades of hiring, managing, and firing people, I understand that to be truly successful, I need to be like a conductor of people, many of whom can play their instruments better than I can—and that if I was a really great conductor, I would also be able to find a better conductor than me and hire him or her," Dalio writes.
In other words, Dalio says, a successful business leader is someone who recognizes that managers should focus on finding employees who each bring special skills to the table. And, if your employees can even perform certain tasks better than you, that makes your role that much easier and allows you to focus on the big picture, rather than being forced to micromanage each of your employees' roles.
"My ultimate goal is to create a machine that works so well that I can just sit back and watch beauty happen," Dalio writes.
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