Chapter
The Advantages of Simplifying Expertise into Principles
46:35 - 53:56 (07:21)
By encoding our expertise into principles, we can write programs that facilitate decision making alongside our own thought processes. This allows us to differentiate between thinking that can be done by a computer and that which is better suited for the human mind.
Clips
Bridgewater Associates uses algorithms to manage their assets in parallel with human decision-making.
46:35 - 50:06 (03:31)
Summary
Bridgewater Associates uses algorithms to manage their assets in parallel with human decision-making. The use of AI in data-rich investment decision making will continue to grow in the future.
ChapterThe Advantages of Simplifying Expertise into Principles
EpisodeRay Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life
PodcastLex Fridman Podcast
The process of reducing understanding to principles can be likened to the process of writing a program for machine learning.
50:06 - 53:41 (03:34)
Summary
The process of reducing understanding to principles can be likened to the process of writing a program for machine learning. However, there may still be a human element that cannot be reduced to an algorithm, and in these situations, it may be helpful to write down decision-making criteria in words.
ChapterThe Advantages of Simplifying Expertise into Principles
EpisodeRay Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life
PodcastLex Fridman Podcast
Summary
Come on now. It'll be. It'll be in a few months, it'll be on Android. Awesome. It has an app in there that helps people write down their own principles.