Since its establishment, Bridgewater, the world's largest hedge fund, has adhered to the principle of "excellent ideas first" rather than the principle of "power first". Andy agrees with this decision-making principle and highly respects it.

If you want to make the best ideas stand out, the first step is that everyone will show them to everyone, and the second step is that everyone will criticize each other and put forward different opinions. Therefore, there was a fierce debate and the atmosphere was regular meetings like the Roman Forum.

So how should we make a decision in the end if we have different opinions?

Andy's own way of judgment is to fully consider each person's different background, then give different weights to the opinions put forward by people with different expertise, and finally make decisions with weighting. In this case, it not only ensures the fairness of the decision-making process, but also ensures the scientific and feasible results of the final decision-making results.

Of course, the ideas and opinions that stand out need to be considered by the chief consultant of Alvetle, the think tank. This is a rigorous and systematic decision-making mechanism that allows good ideas to be implemented in actions.

There is no way, and Andy doesn't want to go through such a big trouble. Isn't it just making money? As a time traveler, it's enough to open the gold finger. The problem is that Andy is only 22 years old this year. By 2015, he was only in his thirties. Once he loses his strategic vision and the advantages brought by time travel, Andy cannot guarantee whether he will make failed decisions in the unknown future.

Since time traveling, everything he did has been successful because he knew clearly how to succeed. Similarly, success will only make him develop path dependence, repeat past behaviors, and fail to achieve progress.

Human nature is conceited, and everyone hopes that their abilities will be recognized by others. Andy cannot guarantee whether he will inflate. Once someone disagrees with his views, he may subconsciously regard his subordinates' disagreement as a challenge, or even get angry. In this state, he is likely to perform abnormally and make mistakes in decision-making, so that he will not achieve the set goals.

Everyone has blind spots. Some people have myopia, and they naturally cannot see things in the distance, and some people have far-sighted eyes, and they cannot see things in the near distance. The same is true when everyone thinks about problems. The personal habitual thinking patterns may lead to their inability to make an accurate and comprehensive assessment of the situation.

With the idea of ​​preparing for the future, Andy now began to cultivate a team that can firmly maintain his correct position, so that he could get used to the decision-making principle of putting excellent ideas first, and to protect the family and career he has laid, even if he lost the far-sighted vision of time travelers.

"Those who do not plan for the whole world are not enough to plan for a moment; those who do not plan for the overall situation are not enough to plan for a territory." Or it would be more appropriate to express it by being prepared for danger in times of peace. He does not want to fail, and he likes the feeling of winning, so he is willing to sit in the conference room and watch the people quarreled and refuted, and the views he put forward were mercilessly refuted and denied by his subordinates. He is willing to check out a large number of detailed reports and minutes of each discussion whenever he has time.

Some people may think that this is a provocation to Andy's authority. The communication between subordinates is too rough, and it makes people feel that they are often questioned and very depressed. But Andy feels that his risk management team really doesn't need it if his risk management team is too greedy.

The investment industry is an industry that requires extreme rationality, and personal emotions need to be blocked. People with extreme rationality can accept rude feedback and doubts from others, not be kidnapped and influenced by personal and market emotions, and stick to their own investment principles. Therefore, it is easier to stand out in the market.

At the same time, Andy also tried to test his own strength and exercise his mind and demeanor.

Andy nestled comfortably in the boss's chair, narrowing his eyes slightly with the other people in the conference room to look at the only tall young man standing. His hair was combed in three to seven parts. Because his hair was a little short, he used hair spray or hair wax to shape it. The sleeves of the white shirt were rolled upwards, without any fright. The expression on his face was full of confidence and calmness, and he explained his views to everyone. He had used a lot of data to eliminate the views of the other two people.

"…This subprime mortgage crisis has transformed the Federal Reserve from a monetary policy that originally controlled inflation to a monetary policy that prevents economic decline. In order to save the market, the Federal Reserve will not only continuously transfusion blood into the financial system, but will also use continuous cuts to lower interest rates and simultaneously cuts the overnight lending rate of commercial banks.

After all, there are not many cards that can be played in the Fed. The interest rate spread between the US dollar and the euro and the pound will increase greatly. At the same time, it can be expected that banks in other countries will inevitably sell the US dollar one after another, which will make the downward pressure on the US dollar. The continuous depreciation of the US dollar will definitely not miss this opportunity. The crude oil price will surge in stages. Now the price of crude oil is $65 per barrel, and the expected price I analyzed will at least double... Please help me divide it. This is a proof of the data of my conclusion."

Andy also took a small stack of documents and said to the young man who was still distributing the information with a smile: "Martin, I thought you, a foreign exchange analyst, would target the depreciation of the US dollar, but you didn't expect that you were targeting crude oil and were still prepared so well."

Martin Enron had a bright smile on his face and showed a big white teeth. He looked at his big boss with a smile and raised the document in his hand and said: "It is certain that the dollar depreciation is certain, but governments in various countries will definitely increase blood transfusions to the financial system in order to save the market. After all, it is not only the Federal Reserve who works at home to print money at full capacity, but everyone prints money crazily at home. In this case, although shorting foreign exchange can make money, the amount of funds invested is proportional to the profit. Instead, there is no crude oil futures that can obtain higher value."

Andy nodded in agreement and began to open the data analysis materials in his hand. The entire conference room fell into a brief silence, and only breathing and flipping papers could be heard.

Andy's reading plug-ins can make his reading speed far exceed that of ordinary people. After reading the information with a glance of ten lines, he closed his eyes, switched to a super-god state, and began to search for memories of the price of crude oil in this period from his mind.
Chapter completed!