Billionaire hedge fund king Ray Dalio, the founder global macro fund behemoth Bridgewater Associates, encourages all of his employees to live by his famous set of Principles.
Dalio’s Principles include hundreds of nuggets of wisdom, which are available for all of his employees on a custom iPad app.
According to Daily Intel’s Kevin Roose, Bridgewater has developed another app.
It’s being described as a “Baseball Cards” app and it organizes all of the fund’s employees and their respective skills, strengths and weaknesses, sources told Daily Intel. It also rates them on job performance and how they fit into the company’s culture, the report said.
Here’s what Dalio says about baseball cards in his Principles.
Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way. These would also simplify discussions about compensation, incentives, moving players up to first string, or cutting them from the team.
We would love to see what Dalio’s card looks like, but, unfortunately, it’s an in-house app only.