“Radical open- mindedness and radical transparency are invaluable for rapid learning and effective change.” — Ray Dalio Copy Share Image
Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior… — Ray Dalio Copy Share Image
“Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual… — Ray Dalio Copy Share Image
“If you are ready to give up everything else and study the whole history and background of the market and all principal… — Ray Dalio Copy Share Image
“I used to think that memory-based, conscious learning was the most powerful, but I’ve since come to understand that it produces” — Ray Dalio Copy Share Image
“Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history… — Ray Dalio Copy Share Image
Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level… — Ray Dalio Copy Share Image
“Be imprecise. Understand the concept of “by-and-large” and use approximations. Because our educational system is hung up on precision, the art of… — Ray Dalio Copy Share Image
School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my… — Ray Dalio Copy Share Image
“Recognize that experience creates internalized learning that book learning can’t replace.” — Ray Dalio Copy Share Image
“Over and over again, the same people would walk into the same meetings, do things the same ways, and get the same… — Ray Dalio Copy Share Image
“Reality, in turn, will send you loud signals about how well your principles are working by rewarding or punishing you, so you… — Ray Dalio Copy Share Image
“I myself find the excitement, lower risk, and educational value of achieving a deep understanding of cause-effect relationships much more appealing than… — Ray Dalio Copy Share Image
I believe that our society's "mistake-phobia" is crippling, a problem that begins in most elementary schools, where we learn to learn what… — Ray Dalio Copy Share Image
“Teach and reinforce the merits of mistake-based learning. To encourage people to bring their mistakes into the open and analyze them objectively,… — Ray Dalio Copy Share Image
“every mistake you make can teach you something, so there’s no end to learning.” — Ray Dalio Copy Share Image
“Find the most believable people possible who disagree with you and try to understand their reasoning. Having open-minded conversations with believable people… — Ray Dalio Copy Share Image
“I believe that great cultures, like great people, recognize that making mistakes is part of the process of learning, and that continuous… — 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
