Bridgewater, the world's largest hedge fund, has been guided by the principle of "good ideas first" rather than "power first" since its inception. Andy deeply believes in this decision-making principle and highly respects it.

If you want to make the best ideas stand out, the first step must be for everyone to show their ideas, and the second step is for everyone to criticize each other and put forward different opinions. Hence the heated debates and the regular meetings in an atmosphere similar to that of the Roman Forum.

So how do you make a decision in the end when there are different opinions?

Andy's own way of judging is to fully take into account the different backgrounds of each person, and then give different weights to the opinions put forward by people with different expertise, and finally make a weighted calculation to make a decision. 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.

Of course, ideas and ideas that stand out need to be considered by the chief adviser of Alvitatl, a think tank, which is a rigorous and systematic decision-making mechanism that allows good ideas to be put into action.

There's no way, and Andy doesn't want to go through such a big deal. Isn't it just to make money, as a traverser, it's enough to spend just open the gold finger. The problem is that Andy is only 22 years old this year, and in 2015, he is only in his thirties.

Everything he's done since the crossing has been successful, because he knows exactly what to do. In the same way, success will only lead to path dependence, repeating past behaviors all the time, and not achieving progress.

Human beings are conceited, and everyone wants their abilities to be recognized by others. Andy can't guarantee that he won't be inflated, and if someone disagrees with his views, he may subconsciously see his subordinates' disapproval as a challenge, or even get angry. In this state, there is a high risk of abnormal performance, and there may be mistakes in decision-making, so that the set goals will not be achieved.

Everyone has blind spots. Some people are short-sighted, and they can't see things in the distance, and some people are farsighted, so they can't see things in the near distance. It's the same with everyone when thinking about problems, and their habitual thinking patterns may lead to their inability to make an accurate and comprehensive assessment of the situation.

Andy, in line with the idea of planning ahead, now begins to cultivate a team that can firmly defend his correct position, so that he can get used to the decision-making principle of the supremacy of good ideas, and escort his family business and career, even without the foresight of the traverser.

"Those who do not seek the world are not enough to seek a time, and those who do not seek the overall situation are not enough to seek a domain." Or it would be more appropriate to express it in times of peace, he doesn't want to lose, he likes the feeling of winning, so he is willing to sit in the conference room and watch everyone arguing and arguing, and the points he puts forward are mercilessly refuted and denied by the subordinates present. Be willing to review a large number of detailed reports and summaries of each discussion whenever you have time.

Some people may think that this is a provocation to Andy's authority, and the communication between subordinates is too rough, and it will make people feel that they are often in a state of questioning, which is very depressing. But Andy felt that his risk management team really didn't need employees who were too glassy.

The investment industry is an industry that is extremely rational and needs to be shielded from personal emotions. And extremely rational people, they can accept rude feedback and questions from others, not be kidnapped and influenced by personal and market emotions, and stick to their own investment principles. As a result, it is also easier to stand out in the market.

At the same time, Andy is also to test his strength and exercise his mind.

Andy nestled comfortably in the boss's chair, squinting his eyes slightly and the other people in the conference room looked at the only tall young man standing, his hair was combed very obviously, because his hair was a little short, he was styled with hairspray or hair wax, the sleeves of his white shirt were rolled up, he was not stage frightened, the expression on his face was full of confidence and calmness, and he explained his point of view to everyone, before he had used a lot of data to eliminate the views of the other two people.

“。。。 In order to save the market, the Fed will continue to use continuous interest rate cuts, and the overnight lending rates of commercial banks will be lowered at the same time.

After all, the Fed does not have many cards to play, the interest rate differential between the dollar and the euro and the pound will increase greatly, and at the same time, it can be expected that other national banks will inevitably sell the dollar, making the downward pressure on the dollar greater, and the continuous depreciation of the dollar. The price of crude oil is now $65 per barrel, and the price I have analyzed is at least doubled... Please help me break it down, this is the relevant data that corroborates my conclusion. ”

Andy also took a small stack of documents, smiled and said to the young man who was still distributing materials: "Martin, I thought that you, a foreign exchange analyst, would aim at the depreciation of the dollar, but I didn't expect you to be so well prepared for crude oil." ”

Martin Enlong with a bright smile on his face, showing a mouthful of big white teeth, looked at his big boss with a smile on his hand and said: "The depreciation of the dollar is certain, but in order to save the market, governments will definitely increase the blood transfusion of the financial system, after all, not only the Federal Reserve is printing money at home, everyone is crazy to print money at home, in this case, although foreign exchange shorting can make money, but the amount of funds invested is proportional to the profit, but there is no crude oil futures can obtain higher value." ”

Andy nodded in agreement and began to open the data analysis data in his hand, and the entire conference room fell into a brief silence, only the sound of breathing and turning paper could be heard.

Andy's memorable plug-in can make him read much faster than ordinary people, and after reading the information at a glance and ten lines, he closes his eyes, switches to a supernatural state, and begins to rummage through his mind about the memory of crude oil prices during this period.

However, as several memories were searched out, Andy's brows couldn't help frowning, he only remembered a program he watched, which was analyzed by experts, the price of crude oil that has been rising since 911 in 2001, from $20 per barrel to the crazy price of nearly $150 per barrel in 2008, is because the United States has been holding back and wants to pit the rabbit country, but it has brought Iran back to life, and then it was the worst period of the financial crisis, crude oil fell to $40 per barrel again, and the program said that this is the fatal move used by the United States to bring down the Russian economy。

In this way, Martin's analysis is very accurate, crude oil will rise wildly, but Andy really can't find the time node of the fall, but forget it, just set a closing line, don't chase the highest point, set a baseline of $140 per barrel.

Thinking of this, Andy opened his eyes, his originally furrowed brows stretched out at the same time, a faint smile of happiness appeared on his face, and after scanning Martin's flat face, he looked at Alvitre, who was still reading the information carefully, frowning slightly, waiting for his comment.

"This plan works!" Al finally finished reading, looked at Andy, saw the smile on the big boss's face, he also smiled lightly, looked around at the crowd for a week, and said his comment.

"Alright, Martin, you can go to the Liberty City Investment Company in a moment to build your team, allocate 200 million dollars to you first, and when you are done robbing the British pound exchange rate, I will transfer funds for you to operate. Andy looked at Martin with a smile and a look of hope on his face, but now that he knows the price of crude oil, he is relieved, Alvitre is more based on the scientific analysis and judgment made by the data, once the plan submitted by the risk management team is adopted, it will naturally be immediately established between the teams with the main theme.