“Failing to consider second- and third-order consequences is the cause of a lot of painfully bad decisions,” — Ray Dalio Copy Share Image
“The best way to make great decisions is to know how to triangulate with other, more knowledgeable people.” — Ray Dalio Copy Share Image
“If ever you find yourself about to make a decision (especially a big decision) in one of these areas without consulting others,… — Ray Dalio Copy Share Image
“1. Slow down your thinking so you can note the criteria you are using to make your decision. 2. Write the criteria down as… — Ray Dalio Copy Share Image
“If I can reconcile my emotions with my logic and only act when they are aligned, I make better decisions.” — Ray Dalio Copy Share Image
“Specifying our investment decision-making criteria in algorithms and running historical data through them, or specifying our work principles in algorithms and using… — Ray Dalio Copy Share Image
“Holding wrong opinions in one’s head and making bad decisions based on them instead of having thoughtful disagreements is one of the… — Ray Dalio Copy Share Image
“The best way to make great decisions is to know how to triangulate with other, more knowledgeable people. So be discerning about… — Ray Dalio Copy Share Image
“there are some universal rules for good decision making. They start with: 5.1 Recognize that 1) the biggest threat to good decision making… — Ray Dalio Copy Share Image
“An idea meritocracy requires people to do three things: 1) Put their honest thoughts on the table for everyone to see, 2)… — Ray Dalio Copy Share Image
“Some decisions you should make yourself and some you should delegate to someone more believable.” — Ray Dalio Copy Share Image
“Bad outcomes don’t just happen; they occur because specific people make, or fail to make, specific decisions” — Ray Dalio Copy Share Image
“there are two broad approaches to decision making: evidence/logic-based (which comes from the higher- level brain) and subconscious/emotion-based (which comes from the… — Ray Dalio Copy Share Image
“you need to weigh first-order consequences against second- and third-order consequences, and base your decisions not just on near-term results but on… — Ray Dalio Copy Share Image
To have an idea meritocracy, one needs to do three things. First, they have to put their honest thoughts on the table,… — Ray Dalio Copy Share Image
“Slow down your thinking so you can note the criteria you are using to make your decision. 2. Write the criteria down as a principle.… — Ray Dalio Copy Share Image
“Having a process that ensures problems are brought to the surface, and their root causes diagnosed, assures that continual improvements occur.” — Ray Dalio Copy Share Image
“If you can’t successfully do something, don’t think you can tell others how it should be done” — Ray Dalio Copy Share Image
“I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I… — Ray Dalio Copy Share Image
I'm scared of one man, one vote because it suggests that everybody has an equal ability at making decisions, and I think that's dangerous. — Ray Dalio Copy Share Image
“A manager’s ability to recognize when outcomes are inconsistent with goals and then modify designs and assemble people to rectify them makes all the… — Ray Dalio Copy Share Image
“So I learned to be radically open-minded to allow others to point out what I might be missing.” — Ray Dalio Copy Share Image
“During those terrible days after 9/11, when the whole country was being whipsawed by emotion, or the weeks between September 19 and October 10,… — Ray Dalio Copy Share Image
“is more effective to train that subconscious, emotional you the same way you would teach a child to behave” — Ray Dalio Copy Share Image
I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future… — Ray Dalio Copy Share Image
Life is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better… — Ray Dalio Copy Share Image
