How to build a company where the best ideas win | Ray Dalio

Prevoditelj: Marija Kostović Recezent: Tilen Pigac - EFZG

Whether you like it or not,

Bez obzira sviđa li se to vama ili ne,

radical transparency and algorithmic decision-making is coming at you fast,

radikalna transparentnost i algoritamsko odlučivanje stižu brzo

and it's going to change your life.

i promijenit će vam život.

That's because it's now easy to take algorithms

Tomu je tako jer je danas jednostavno

and embed them into computers

algoritme ugraditi u računala

and gather all that data that you're leaving on yourself

i skupiti sve te podatke koje ostavljate o sebi

all over the place,

posvuda,

and know what you're like,

i saznati kakvi ste,

and then direct the computers to interact with you

a zatim usmjeriti računala da komuniciraju s vama

in ways that are better than most people can.

na načine koji su bolji od većine ljudskih.

Well, that might sound scary.

E, to može zvučati strašno.

I've been doing this for a long time and I have found it to be wonderful.

Ja se time bavim dugo i mislim da je čarobno.

My objective has been to have meaningful work

Moj je cilj bio imati smislen posao

and meaningful relationships with the people I work with,

i smislene odnose sa suradnicima,

and I've learned that I couldn't have that

a saznao sam da do toga ne mogu

unless I had that radical transparency and that algorithmic decision-making.

ako ne uključim radikalnu transparentnost i to algoritamsko odlučivanje.

I want to show you why that is,

Želim vam pokazati što je to,

I want to show you how it works.

želim vam pokazati kako djeluje.

And I warn you that some of the things that I'm going to show you

Upozoravam vas da bi neke stvari koje ću vam pokazati

probably are a little bit shocking.

mogle biti pomalo šokantne.

Since I was a kid, I've had a terrible rote memory.

Još kao dijete bio sam loš u učenju napamet.

And I didn't like following instructions,

I nisam volio slijediti upute,

I was no good at following instructions.

nisam bio dobar u poštivanju uputa.

But I loved to figure out how things worked for myself.

Ali sviđalo mi se kada bih nešto odgonetnuo sȃm.

When I was 12,

Kada sam imao 12 godina,

I hated school but I fell in love with trading the markets.

mrzio sam školu, ali zaljubio sam se u trgovanje na tržištu.

I caddied at the time,

Radio sam kao nosač palica za golf

earned about five dollars a bag.

i zarađivao oko pet dolara po torbi.

And I took my caddying money, and I put it in the stock market.

Tako zarađen novac uložio sam na burzu.

And that was just because the stock market was hot at the time.

To je bilo samo zato što je burza bila popularna u to doba.

And the first company I bought

Prva tvrtka koju sam kupio

was a company by the name of Northeast Airlines.

bila je Northeast Airlines.

Northeast Airlines was the only company I heard of

Northeast Airlines bila je jedina tvrtka za koju sam čuo

that was selling for less than five dollars a share.

da se prodaje za manje od pet dolara po dionici.

(Laughter)

(Smijeh)

And I figured I could buy more shares,

Shvatio sam da mogu kupiti više dionica

and if it went up, I'd make more money.

i ako porastu, zaradio bih više novaca.

So, it was a dumb strategy, right?

To je bila glupa strategija, zar ne?

But I tripled my money,

Ali utrostručio sam zaradu,

and I tripled my money because I got lucky.

a utrostručio sam zaradu jer sam imao sreće.

The company was about to go bankrupt,

Tvrtka je bila pred stečajem,

but some other company acquired it,

ali kupila ju je neka druga tvrtka

and I tripled my money.

i ja sam utrostručio zaradu.

And I was hooked.

Navukao sam se.

And I thought, "This game is easy."

Pomislio sam: "Ova igra je jednostavna."

With time,

S vremenom

I learned this game is anything but easy.

naučio sam da je ta igra sve samo ne jednostavna.

In order to be an effective investor,

Da bi bio dobar ulagač,

one has to bet against the consensus

moraš ići protiv struje

and be right.

i biti u pravu.

And it's not easy to bet against the consensus and be right.

A nije lako ići protiv struje i biti u pravu.

One has to bet against the consensus and be right

Moraš ići protiv struje i biti u pravu

because the consensus is built into the price.

jer je "struja" uključena u cijenu.

And in order to be an entrepreneur,

I da bi bio poduzetnik,

a successful entrepreneur,

uspješan poduzetnik,

one has to bet against the consensus and be right.

moraš ići protiv struje i biti u pravu.

I had to be an entrepreneur and an investor --

Morao sam biti poduzetnik i ulagač...

and what goes along with that is making a lot of painful mistakes.

a to prati golem broj bolnih pogrešaka.

So I made a lot of painful mistakes,

Napravio sam puno bolnih pogrešaka

and with time,

i s vremenom

my attitude about those mistakes began to change.

moj se stav o tim pogreškama počeo mijenjati.

I began to think of them as puzzles.

Počeo sam gledati na njih kao na slagalice.

That if I could solve the puzzles,

Ako riješim slagalicu,

they would give me gems.

dobit ću nagradu.

And the puzzles were:

A slagalica je bila:

What would I do differently in the future so I wouldn't make that painful mistake?

Što mogu učiniti drukčije u budućnosti kako se bolne pogreške ne bi ponovile?

And the gems were principles

Nagradu su činila načela

that I would then write down so I would remember them

koja bih zapisao da ih zapamtim

that would help me in the future.

i da mi pomognu u budućnosti.

And because I wrote them down so clearly,

Budući da sam ih zapisao jasno,

I could then --

mogao sam --

eventually discovered --

to sam naknadno shvatio --

I could then embed them into algorithms.

mogao sam ih ugraditi u algoritme.

And those algorithms would be embedded in computers,

Ti bi se algoritmi ugradili u računala,

and the computers would make decisions along with me;

a računala bi donosila odluke sa mnom;

and so in parallel, we would make these decisions.

zajednički bismo donosili te odluke.

And I could see how those decisions then compared with my own decisions,

I mogao sam usporediti te odluke s vlastitima

and I could see that those decisions were a lot better.

i uvidjeti da su te odluke puno bolje.

And that was because the computer could make decisions much faster,

Tomu je tako jer računalo puno brže donosi odluke,

it could process a lot more information

obrađuje puno više informacija

and it can process decisions much more --

i obrađuje odluke puno --

less emotionally.

s puno manje emocija.

So it radically improved my decision-making.

To je radikalno promijenilo moj proces odlučivanja.

Eight years after I started Bridgewater,

Osam godina nakon osnutka Bridgewatera

I had my greatest failure,

doživio sam najveći neuspjeh,

my greatest mistake.

najveću pogrešku.

It was late 1970s,

Bile su kasne 1970-e,

I was 34 years old,

imao sam 34 godine,

and I had calculated that American banks

i izračunao sam da su američke banke

had lent much more money to emerging countries

posudile puno više novaca zemljama u razvoju

than those countries were going to be able to pay back

nego što će te zemlje moći vratiti

and that we would have the greatest debt crisis

i da ćemo doživjeti najveću dužničku krizu

since the Great Depression.

od Velike depresije.

And with it, an economic crisis

Uz to će doći gospodarska kriza

and a big bear market in stocks.

uz veliki pad vrijednosti dionica.

It was a controversial view at the time.

To je bilo kontroverzno gledište u ono doba.

People thought it was kind of a crazy point of view.

Ljudi su mislili da je to pomalo ludo stajalište.

But in August 1982,

Ali u kolovozu 1982.

Mexico defaulted on its debt,

Meksiko nije platio svoj dug,

and a number of other countries followed.

a zatim ni neke druge zemlje.

And we had the greatest debt crisis since the Great Depression.

I imali smo najveću dužničku krizu od Velike depresije.

And because I had anticipated that,

Budući da sam to predviđao,

I was asked to testify to Congress and appear on "Wall Street Week,"

zvali su me da svjedočim u Kongresu i gostujem u emisiji "Wall Street Week",

which was the show of the time.

popularnoj emisiji u ono doba.

Just to give you a flavor of that, I've got a clip here,

Da vam to malo približim, imam ovdje isječak,

and you'll see me in there.

gdje me možete vidjeti.

(Video) Mr. Chairman, Mr. Mitchell,

(Videozapis) G. predsjedniče, g. Mitchell,

it's a great pleasure and a great honor to be able to appear before you

zadovoljstvo mi je i čast što mogu s vama sudjelovati

in examination with what is going wrong with our economy.

u ispitivanju što nije u redu s našim gospodarstvom.

The economy is now flat --

Gospodarstvo nam je u recesiji --

teetering on the brink of failure.

tetura po rubu kraha.

Martin Zweig: You were recently quoted in an article.

Martin Zweig: Nedavno su vas citirali u članku.

You said, "I can say this with absolute certainty

Rekli ste: "Apsolutno sam siguran

because I know how markets work."

jer znam kako tržište funkcionira."

Ray Dalio: I can say with absolute certainty

Ray Dalio: Apsolutno sam siguran

that if you look at the liquidity base

da ako pogledate bazu likvidnosti

in the corporations and the world as a whole,

u korporacijama i svijetu u cijelini,

that there's such reduced level of liquidity

smanjena je razina likvidnosti

that you can't return to an era of stagflation."

koju ne možete vratiti u doba stagflacije."

I look at that now, I think, "What an arrogant jerk!"

Kada to vidim sada, pomislim: "Kakva arogantna budala!"

(Laughter)

(Smijeh)

I was so arrogant, and I was so wrong.

Bio sam arogantan i potpuno u krivu.

I mean, while the debt crisis happened,

Mislim, dužnička se kriza dogodila,

the stock market and the economy went up rather than going down,

ali burza i gospodarstvo išli su prema gore, a ne prema dolje

and I lost so much money for myself and for my clients

i izgubio sam puno novaca, svojih i od svojih klijenata,

that I had to shut down my operation pretty much,

toliko da sam morao gotovo pa zatvoriti tvrtku,

I had to let almost everybody go.

morao sam skoro sve otpustiti.

And these were like extended family,

A bili su mi kao šira obitelj,

I was heartbroken.

srce mi se slamalo.

And I had lost so much money

A izgubio sam toliko novaca

that I had to borrow 4,000 dollars from my dad

da sam morao posuditi 4.000 dolara od oca

to help to pay my family bills.

da bih mogao platiti režije.

It was one of the most painful experiences of my life ...

To je bilo jedno od najbolnijih iskustava u mom životu...

but it turned out to be one of the greatest experiences of my life

ali ispalo je da mi je to jedno od najboljh iskustava u životu

because it changed my attitude about decision-making.

jer mi je promijenilo stav o procesu donošenja odluka.

Rather than thinking, "I'm right,"

Umjesto da mislim: "U pravu sam,"

I started to ask myself,

počeo sam se pitati:

"How do I know I'm right?"

"Kako znam da sam u pravu?"

I gained a humility that I needed

Stekao sam skromnost koja mi je bila potrebna

in order to balance my audacity.

da bih uravnotežio svoju smjelost.

I wanted to find the smartest people who would disagree with me

Htio sam pronaći najpametnije ljude koji bi mi proturiječili

to try to understand their perspective

kako bih pokušao shvatiti njihovo stajalište

or to have them stress test my perspective.

ili koji bi ispitali utemeljenost mojeg stajališta.

I wanted to make an idea meritocracy.

Htio sam stvoriti meritokraciju ideja.

In other words,

Drugim riječima,

not an autocracy in which I would lead and others would follow

ne autokraciju u kojoj bih ja vodio, a drugi slijedili,

and not a democracy in which everybody's points of view were equally valued,

ni demokraciju u kojoj stajališta svih jednako vrijede,

but I wanted to have an idea meritocracy in which the best ideas would win out.

već meritokraciju ideja u kojoj najbolje ideje pobjeđuju.

And in order to do that,

Da bih to postigao,

I realized that we would need radical truthfulness

shvatio sam da moramo postići radikalnu iskrenost

and radical transparency.

i radikalnu transparentnost.

What I mean by radical truthfulness and radical transparency

Pod radikalnom iskrenošću i radikalnom transparentnošću

is people needed to say what they really believed

smatram da ljudi moraju reći ono što stvarno vjeruju

and to see everything.

i moraju sve vidjeti.

And we literally tape almost all conversations

I mi doslovno snimamo gotovo sve razgovore

and let everybody see everything,

i dopuštamo svima da vide sve,

because if we didn't do that,

jer da to ne radimo,

we couldn't really have an idea meritocracy.

ne bismo mogli imati meritokraciju ideja.

In order to have an idea meritocracy,

Da bismo postigli meritokraciju ideja,

we have let people speak and say what they want.

moramo dopustiti ljudima da govore ono što žele.

Just to give you an example,

Na primjer,

this is an email from Jim Haskel --

ovo je e-poruka Jima Haskela --

somebody who works for me --

osobe koja radi za mene --

and this was available to everybody in the company.

koja je bila dostupna svima u tvrtki.

"Ray, you deserve a 'D-'

"Ray, zaslužio si dvojku

for your performance today in the meeting ...

za izvedbu na današnjem sastanku...

you did not prepare at all well

uopće se nisi pripremio

because there is no way you could have been that disorganized."

jer nema drugog objašnjenja za tu tvoju neorganiziranost."

Isn't that great?

Nije li to sjajno?

(Laughter)

(Smijeh)

That's great.

To je sjajno.

It's great because, first of all, I needed feedback like that.

Sjajno je jer, prvo i osnovno, trebao mi je takav komentar.

I need feedback like that.

Trebaju mi takvi osvrti.

And it's great because if I don't let Jim, and people like Jim,

I sjajno je jer ako ne dopustim Jimu i ljudima poput Jima

to express their points of view,

da izraze svoje stajalište,

our relationship wouldn't be the same.

naš odnos ne bi bio isti.

And if I didn't make that public for everybody to see,

A da to nije javno dostupno svima,

we wouldn't have an idea meritocracy.

ne bismo imali meritokraciju ideja.

So for that last 25 years that's how we've been operating.

I to je način na koji radimo zadnjih 25 godina.

We've been operating with this radical transparency

Radimo uz takvu radikalnu transparentnost

and then collecting these principles,

i skupljamo ta načela,

largely from making mistakes,

uvelike iz pogrešaka koje činimo,

and then embedding those principles into algorithms.

a zatim ta načela ugrađujemo u algoritme.

And then those algorithms provide --

A ti algoritmi pružaju --

we're following the algorithms

slijedimo algoritme

in parallel with our thinking.

u kombinaciji s našim idejama.

That has been how we've run the investment business,

Na taj način vodimo ulagački posao

and it's how we also deal with the people management.

i na taj način vodimo zaposlenike.

In order to give you a glimmer into what this looks like,

Da bih vam pružio uvid u kako to izgleda,

I'd like to take you into a meeting

vodim vas na sastanak

and introduce you to a tool of ours called the "Dot Collector"

kako bih vam predstavio naš alat "Dot Collector"

that helps us do this.

koji nam to omogućuje.

A week after the US election,

Tjedan nakon američkih izbora,

our research team held a meeting

naš istraživački tim održao je sastanak

to discuss what a Trump presidency would mean for the US economy.

kako bismo raspravili što će Trump kao predsjednik značiti za gospodarstvo.

Naturally, people had different opinions on the matter

Naravno, ljudi su imali različita mišljenja o tom problemu

and how we were approaching the discussion.

i o tome kako pristupamo raspravi.

The "Dot Collector" collects these views.

"Dot Collector" skuplja ta mišljenja.

It has a list of a few dozen attributes,

Ima popis nekoliko desetaka atributa,

so whenever somebody thinks something about another person's thinking,

i kad netko ima mišljenje o mišljenju druge osobe,

it's easy for them to convey their assessment;

lako mu je prenijeti svoju ocjenu;

they simply note the attribute and provide a rating from one to 10.

jednostavno zabilježe atribut i ocijene ga ocjenom od jedan do 10.

For example, as the meeting began,

Na primjer, kad je sastanak započeo,

a researcher named Jen rated me a three --

istraživačica Jen dala mi je ocjenu tri --

in other words, badly --

drugim riječima, lošec--

(Laughter)

(Smijeh)

for not showing a good balance of open-mindedness and assertiveness.

jer nisam pokazao uravnoteženost između nepristranosti i samopouzdanja.

As the meeting transpired,

Kako je sastanak odmicao,

Jen's assessments of people added up like this.

ovo su bile Jenine ocjene drugih.

Others in the room have different opinions.

Drugi u prostoriji imaju različite stavove.

That's normal.

To je normalno.

Different people are always going to have different opinions.

Različiti ljudi uvijek imaju različite stavove.

And who knows who's right?

I tko zna tko je u pravu?

Let's look at just what people thought about how I was doing.

Pogledajmo što su ljudi mislili o mojoj izvedbi.

Some people thought I did well,

Neki su mislili da sam bio dobar,

others, poorly.

drugi da sam bio loš.

With each of these views,

Sa svakim od tih stavova,

we can explore the thinking behind the numbers.

možemo ispitati svoje stavove koji se nalaze iza brojeva.

Here's what Jen and Larry said.

Ovo su rekli Jen i Larry.

Note that everyone gets to express their thinking,

Vidite kako svi imaju pravo izraziti svoje mišljenje,

including their critical thinking,

uključujući i kritično

regardless of their position in the company.

bez obzira na položaj u tvrtki.

Jen, who's 24 years old and right out of college,

Jen, koja ima 24 godine i tek je završila fakultet,

can tell me, the CEO, that I'm approaching things terribly.

može reći meni, izvršnom direktoru, da užasno pristupam stvarima.

This tool helps people both express their opinions

Ovaj alat omogućuje ljudima da izraze svoje mišljenje

and then separate themselves from their opinions

i da se odvoje od svojih stavova

to see things from a higher level.

kako bi stvari razmotrili s više razine.

When Jen and others shift their attentions from inputting their own opinions

Kada Jen i ostali preusmjere pažnju s unosa svog mišljenja

to looking down on the whole screen,

na cijeli zaslon,

their perspective changes.

njihovo se stajalište promijeni.

They see their own opinions as just one of many

Vide da je njihovo mišljenje tek jedno od mnogih

and naturally start asking themselves,

i prirodno je da se zapitaju

"How do I know my opinion is right?"

"Kako znam da je moje mišljenje ispravno?"

That shift in perspective is like going from seeing in one dimension

Ta je promjena stajališta poput prelaska iz jedne dimenzije

to seeing in multiple dimensions.

u više dimenzija.

And it shifts the conversation from arguing over our opinions

I preusmjerava naš razgovor od rasprave oko mišljenja

to figuring out objective criteria for determining which opinions are best.

na razmatranje objektivnih kriterija za utvrđivanje najboljeg mišljenja.

Behind the "Dot Collector" is a computer that is watching.

Iza aplikacije "Dot Collector" stoji računalo koje nadzire.

It watches what all these people are thinking

Nadzire što svi ti ljudi misle

and it correlates that with how they think.

i uspoređuje to s načinom na koji razmišljaju.

And it communicates advice back to each of them based on that.

Zatim svakome pojedinačno šalje savjete na temelju te usporedbe.

Then it draws the data from all the meetings

Zatim povlači podatke sa svih sastanaka

to create a pointilist painting of what people are like

i stvara sliku ljudi

and how they think.

i načina na koji razmišljaju.

And it does that guided by algorithms.

A to stvara pomoću algoritama.

Knowing what people are like helps to match them better with their jobs.

Ako znate kakvi su ljudi, lakše ćete znati za koji su posao.

For example,

Na primjer,

a creative thinker who is unreliable

kreativan mislilac koji je nepouzdan

might be matched up with someone who's reliable but not creative.

može se upariti s nekim tko je pouzdan, ali nije kreativan.

Knowing what people are like also allows us to decide

Ako znamo kakvi su ljudi, lakše donosimo odluke

what responsibilities to give them

o odgovornostima koje im predajemo

and to weigh our decisions based on people's merits.

i odlučujemo na temelju njihovih zasluga.

We call it their believability.

To zovemo vjerodostojnošću.

Here's an example of a vote that we took

Ovo je primjer našeg glasovanja

where the majority of people felt one way ...

gdje je većina mislila jedno...

but when we weighed the views based on people's merits,

ali zatim smo ocijenili stajališta na temelju zasluga

the answer was completely different.

i odgovor je bio potpuno drukčiji.

This process allows us to make decisions not based on democracy,

Proces nam omogućuje da donosimo odluke ne na temelju demokracije,

not based on autocracy,

ne na temelju autokracije,

but based on algorithms that take people's believability into consideration.

već na temelju algoritama koji uzimaju u obzir vjerodostojnost ljudi.

Yup, we really do this.

Da, stvarno to radimo.

(Laughter)

(Smijeh)

We do it because it eliminates

To radimo zato što to otklanja

what I believe to be one of the greatest tragedies of mankind,

ono što smatram najvećom tragedijom čovječanstva,

and that is people arrogantly,

a to je da ljudi arogantno,

naïvely holding opinions in their minds that are wrong,

naivno imaju stajališta koja su kriva,

and acting on them,

i djeluju u skladu s njima

and not putting them out there to stress test them.

umjesto da ih preispitaju.

And that's a tragedy.

To je tragedija.

And we do it because it elevates ourselves above our own opinions

To radimo jer nas uzdiže od vlastitih mišljenja

so that we start to see things through everybody's eyes,

tako da vidimo stvari tuđim očima,

and we see things collectively.

i vidimo stvari kolektivno.

Collective decision-making is so much better than individual decision-making

Kolektivno odlučivanje puno je bolje od individualnog odlučivanja.

if it's done well.

Ako se radi ispravno.

It's been the secret sauce behind our success.

To je tajni sastojak našeg uspjeha.

It's why we've made more money for our clients

To je razlog zašto zarađujemo za svoje klijente

than any other hedge fund in existence

više od ostalih hedge fondova

and made money 23 out of the last 26 years.

i bili smo na dobitku 23 od 26 proteklih godina.

So what's the problem with being radically truthful

U čemu je problem kod radikalne iskrenosti

and radically transparent with each other?

i radikalne transparentnosti među ljudima?

People say it's emotionally difficult.

Kažu da je emotivno teško.

Critics say it's a formula for a brutal work environment.

Kritičari kažu da je to formula za okrutno radno okruženje.

Neuroscientists tell me it has to do with how are brains are prewired.

Neuroznanstvenici kažu da je stvar u tome kako nam je mozak namješten.

There's a part of our brain that would like to know our mistakes

Postoji dio mozga koji želi znati naše pogreške

and like to look at our weaknesses so we could do better.

i želi sagledati naše slabosti tako da budemo bolji.

I'm told that that's the prefrontal cortex.

Rekli su mi da je to prefrontalni korteks.

And then there's a part of our brain which views all of this as attacks.

A postoji i dio mozga koji na sve to gleda kao na napad.

I'm told that that's the amygdala.

Rekli su mi da je to amigdala.

In other words, there are two you's inside you:

Drugim riječima, u vama postoje dvije osobe:

there's an emotional you

emocionalna

and there's an intellectual you,

i intelektualna

and often they're at odds,

i često su u sukobu

and often they work against you.

i često rade protiv vas.

It's been our experience that we can win this battle.

Naše je iskustvo da možemo dobiti tu bitku.

We win it as a group.

Pobjeđujemo kao grupa.

It takes about 18 months typically

Obično je potrebno 18 mjeseci

to find that most people prefer operating this way,

da se uvidi da većina više voli raditi na taj način,

with this radical transparency

radikalno transparentno,

than to be operating in a more opaque environment.

nego u mutnijem okruženju.

There's not politics, there's not the brutality of --

Nema politike, nema okrutnosti --

you know, all of that hidden, behind-the-scenes --

znate, svega toga skrivenog, zakulisnog --

there's an idea meritocracy where people can speak up.

postoji meritokracija ideja u kojoj se ljudi mogu izraziti.

And that's been great.

I sjajno nam je.

It's given us more effective work,

Omogućila nam je učinkovitiji rad,

and it's given us more effective relationships.

i učinkovitije odnose.

But it's not for everybody.

Ali nije za svakoga.

We found something like 25 or 30 percent of the population

Naučili smo da za 25 do 30 posto stanovništva

it's just not for.

to ne funkcionira.

And by the way,

Usput,

when I say radical transparency,

kada govorim o radikalnoj transparentnosti,

I'm not saying transparency about everything.

ne mislim na opću transparentnost.

I mean, you don't have to tell somebody that their bald spot is growing

Mislim, ne morate nekome reći da je oćelavio

or their baby's ugly.

niti da ima ružnu bebu.

So, I'm just talking about --

Govorim o --

(Laughter)

(Smijeh)

talking about the important things.

govorim o važnim stvarima.

So --

Znači --

(Laughter)

(Smijeh)

So when you leave this room,

Znači, kada napustite ovu prostoriju

I'd like you to observe yourself in conversations with others.

želim da se promotrite u razgovorima s drugima.

Imagine if you knew what they were really thinking,

Zamislite da znate što stvarno misle,

and imagine if you knew what they were really like ...

zamislite da znate kakvi su stvarno...

and imagine if they knew what you were really thinking

i zamislite da oni znaju što vi stvarno mislite

and what were really like.

i kakvi ste stvarno.

It would certainly clear things up a lot

To bi razjasnilo mnoge stvari

and make your operations together more effective.

i omogućilo vam učinkovitije djelovanje.

I think it will improve your relationships.

Mislim da bi unaprijedilo odnose.

Now imagine that you can have algorithms

Sada zamislite da imate algoritme

that will help you gather all of that information

koji će vam pomoći prikupiti sve te informacije

and even help you make decisions in an idea-meritocratic way.

i pomoći u donošenju odluka pomoću meritokracije ideja.

This sort of radical transparency is coming at you

Takva radikalna transparentnost dolazi

and it is going to affect your life.

i utjecat će na vaš život.

And in my opinion,

I po mom mišljenju,

it's going to be wonderful.

bit će čudesno.

So I hope it is as wonderful for you

Nadam se da će i vama biti čudesno

as it is for me.

kao što je meni.

Thank you very much.

Puno hvala.

(Applause)

(Pljesak)