If you don't own Gold, you know neither history nor economics. — Ray Dalio Economics Copy Share Image
“Get rid of irrelevant details so that the essential things and the relationships between them stand out.” — Ray Dalio Relationship Copy Share Image
“Your highest priority should be the most important issues with the most believable and most relevant parties.” — Ray Dalio Important issues Copy Share Image
“the greatest success you can have as the person in charge is to orchestrate others to do things well” — Ray Dalio Success Copy Share Image
“Don’t try to find solutions yet. Your focus in this step is strictly on listing the problems.” — Ray Dalio Problem solving Copy Share Image
“Truth—or, more precisely, an accurate understanding of reality—is the essential foundation for any good outcome.” — Ray Dalio Learning Copy Share Image
“no manager at any level can expect to succeed without the skill set of an organizational engineer.” — Ray Dalio Management Copy Share Image
“Play jazz with people with whom you are compatible but who will also challenge you” — Ray Dalio Jazz Copy Share Image
“Getting a lot of attention for being successful is a bad position to be in.” — Ray Dalio Focus Copy Share Image
“I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will… — Ray Dalio Push Your Limits Copy Share Image
“Thinking about problems that are difficult to solve may make you anxious, but not thinking about them (and hence not dealing with… — Ray Dalio Anxiety Copy Share Image
I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships. — Ray Dalio Causes Copy Share Image
“Most problems happen for one of two reasons: 1) It isn’t clear who the Responsible Party is, or 2) The Responsible Party… — Ray Dalio Problems Copy Share Image
“The most important thing is that you develop your own principles and ideally write them down, especially if you are working with… — Ray Dalio Working with others Copy Share Image
“What was most important wasn't knowing the future—it was knowing how to react appropriately to the information available at each point in… — Ray Dalio Knowing the future Copy Share Image
“The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will… — Ray Dalio Habit Copy Share Image
“b. To be “good” something must operate consistently with the laws of reality and contribute to the evolution of the whole; that is… — Ray Dalio Good Copy Share Image
“Chances are you won’t have time to deal with the unimportant things, which is better than not having time to deal with… — Ray Dalio Important things Copy Share Image
“Ultimately, to help people succeed you have to do two things: First let them see their failures so clearly that they are… — Ray Dalio Failure Copy Share Image
“if you can recognize that you have blind spots and open-mindedly consider the possibility that others might see something better than you—and… — Ray Dalio Good Decisions Copy Share Image
“I urge you to be curious enough to want to understand how the people who see things differently from you came to… — Ray Dalio Curious Copy Share Image
“It’ll be decades—and maybe never—before the computer can replicate many of the things that the brain can do in terms of imagination,… — Ray Dalio Computers Copy Share Image
“While I used to get angry and frustrated at people because of the choices they made, I came to realize that they… — Ray Dalio Angry And Frustrated Copy Share Image
“As a result, I tended to hire people who were the same way—who would dive right into challenges, figure out what to… — Ray Dalio Goals Copy Share Image
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount… — Ray Dalio Amount Copy Share Image
“d. In designing your organization, remember that the 5-Step Process is the path to success and that different people are good at… — Ray Dalio Different people Copy Share Image
“Because I believed that the choice was between accelerating inflation and deflationary depression, I was holding both gold (which performs well in… — Ray Dalio Opposite direction Copy Share Image
“the incremental benefits of having a lot and being on top are not nearly as great as most people think. Having the… — Ray Dalio Benefits Copy Share Image
Unlike in school, in life you don't have to come up with all the right answers. You can ask the people around… — Ray Dalio Accountability Copy Share Image
“For me, there is really only one big choice to make in life: Are you willing to fight to find out what’s… — Ray Dalio Achieving your goals Copy Share Image
“You are expected to go to the higher level and look down on yourself and others as part of a system. In… — Ray Dalio Point of view 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… — Ray Dalio Decision making Copy Share Image
“Losing people I cared so much about and very nearly losing my dream of working for myself was devastating. To make ends… — Ray Dalio Dreams Copy Share Image
