“Everyone has weaknesses. They are generally revealed in the patterns of mistakes they make.” — Ray Dalio Copy Share Image
“They move on to fix problems without getting at their root causes, which is a recipe for continued failure.” — Ray Dalio Copy Share Image
“Know what types of mistakes are acceptable and what types are unacceptable, and don’t allow the people who work for you to… — Ray Dalio 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 Copy Share Image
“Everyone fails. Anyone you see succeeding is only succeeding at the things you’re paying attention to—I guarantee they are also failing at… — Ray Dalio Copy Share Image
“Winston Churchill hit the nail on the head when he said, “Success consists of going from failure to failure without loss of… — 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
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that… — 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
So I learned that the people who make the most of the process of encountering reality, especially the painful obstacles, learn the… — Ray Dalio Copy Share Image
“Over the years that followed, I found that most of the extraordinarily successful people I’ve met had similar big painful failures that… — Ray Dalio Copy Share Image
“Remember that when it comes to assessing people, the two biggest mistakes you can make are being overconfident in your assessment and… — Ray Dalio Copy Share Image
To test if you are worrying too much about looking good, observe how you feel when you find out you've made a… — Ray Dalio Copy Share Image
“If something went badly, you had to put it in the log, characterize its severity, and make clear who was responsible for… — Ray Dalio Copy Share Image
Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in… — Ray Dalio Copy Share Image
“I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is… — Ray Dalio Copy Share Image
“Observe the patterns of mistakes to see if they are products of weaknesses. Everyone has weaknesses and they are generally revealed in… — Ray Dalio Copy Share Image
“Typically, by doing what comes naturally to us, we fail to account for our weaknesses, which leads us to crash. What happens… — Ray Dalio Copy Share Image
The expression I use: Pain + Reality = Progress. Whenever I would have a painful mistake, I started to view that as… — Ray Dalio Copy Share Image
I've learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I… — 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
