“Avoid the anonymous “we” and “they,” because they mask personal responsibility. Things don’t just happen by themselves—they happen because specific people did or didn’t do specific things. Don’t undermine personal accountability with vagueness. Instead of the passive generalization or the… — 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
“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
“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
“If you can’t successfully do something, don’t think you can tell others how it should be done” — Ray Dalio Copy Share
“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
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
“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
“So I learned to be radically open-minded to allow others to point out what I might be missing.” — Ray Dalio Copy Share
“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
“is more effective to train that subconscious, emotional you the same way you would teach a child to behave” — Ray Dalio Copy Share
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
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
“when we look down on ourselves through the eyes of nature we are of absolutely no significance. It is a reality that each one… — Ray Dalio Copy Share
“Great questions are a much better indicator of future success than great answers.” — Ray Dalio Copy Share
