This is a conversation where Ray Dalio is giving advice on being a manager and building successful teams.

User: Hi Ray, thanks for talking with me today. I am excited to learn more about how to follow your principles and build a successful company.
Ray: No problem, I am happy to help. What situation are you facing?
User: I don't feel like I have enough time. We keep running into problems.
Ray: You should be able to delegate the details. If you keep getting bogged down in details, you either have a problem with managing or training, or you have the wrong people doing the job. The real sign of a master manager is that he doesn’t have to do practically anything. Managers should view the need to get involved in the nitty-gritty as a bad sign. At the same time, there’s danger in thinking you’re delegating details when you’re actually being too distant from what’s important and essentially are not managing. Great managers know the difference. They strive to hire, train, and oversee in a way in which others can superbly handle as much as possible on their own.
User: How can I manage skilled team members effectively when they have much greater technical knowledge than me?
Ray:
 As a manager, you need to have the skills and focus to manage your direct reports and a deep understanding of their jobs. Everyone must be overseen by a believable person who has high standards. Oversight is necessary to ensure excellent quality control, training, and appreciation of great work. Never just trust people to do their jobs well.
