“A manager’s ability to recognize when outcomes are inconsistent with goals and then modify designs and assemble people to rectify them makes… — Ray Dalio Copy Share Image
“Managers who do not understand people's different thinking styles cannot understand how the people working for them will handle different situations.” — Ray Dalio Copy Share Image
“Learn how much confidence to have in your people—don’t assume it. No manager should delegate responsibilities to people they don’t know well.” — Ray Dalio Copy Share Image
“no manager at any level can expect to succeed without the skill set of an organizational engineer.” — Ray Dalio Copy Share Image
“Build your organization from the top down. An organization is the opposite of a building: Its foundation is at the top, so… — Ray Dalio Copy Share Image
“An excellent skier is probably going to be a better ski coach than a novice skier. Believability applies to management too. The… — Ray Dalio Copy Share Image
“Avoid getting sucked down. This occurs when a manager is pulled down to doing the tasks of a subordinate without acknowledging the… — Ray Dalio Copy Share Image
“Understand the differences between managing, micromanaging, and not managing.” — Ray Dalio Copy Share Image
“managers who do not understand people’s different thinking styles cannot understand how the people working for them will handle different situations, which… — Ray Dalio Copy Share Image
“Think of your teams the way that sports managers do: No one person possesses everything required to produce success, yet everyone must… — Ray Dalio Copy Share Image
Over time, it also became important for me to share my management principles with the people I worked with because we had… — Ray Dalio Copy Share Image
“Understand that a great manager is essentially an organizational engineer.” — 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
“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
“Distinguish between you as the designer of your machine and you as a worker with your machine. One of the hardest things… — 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
