Hi Ozzie, while I agree it’s true that there aren’t many high-performing organizations which use democratic decision making. I believe Bridgwater Associates, the largest hedge fund in the world, does use such a system. They use a tool called the dot collector to gather real time input from a wide base of employees and use that to come up with a ‘believability weighted majority’. The founder of the company Ray Dalio has said that he will generally defer to this vote even when he himself does not agree with the result. https://www.principles.com/principles/3290232e-6bca-4585-a4f6-66874aefce30/
So not as democratic as 1 person 1 vote but far more egalitarian than the average company (or EA for that matter).
Hi Ozzie, while I agree it’s true that there aren’t many high-performing organizations which use democratic decision making. I believe Bridgwater Associates, the largest hedge fund in the world, does use such a system. They use a tool called the dot collector to gather real time input from a wide base of employees and use that to come up with a ‘believability weighted majority’. The founder of the company Ray Dalio has said that he will generally defer to this vote even when he himself does not agree with the result. https://www.principles.com/principles/3290232e-6bca-4585-a4f6-66874aefce30/
So not as democratic as 1 person 1 vote but far more egalitarian than the average company (or EA for that matter).