“Having everyone randomly probe everyone else is an unproductive waste of time.” — Ray Dalio Copy Share Image
“Don’t design jobs to fit people; over time, this almost always turns out to be a mistake.” — Ray Dalio Copy Share Image
“Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests… — Ray Dalio Copy Share Image
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful… — Ray Dalio Copy Share Image
“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going… — Ray Dalio Copy Share Image
“Watch out for people who think it’s embarrassing not to know. They’re likely to be more concerned with appearances than actually achieving… — Ray Dalio Copy Share Image
“Most people have a tough time reflecting when they are in pain and they pay attention to other things when the pain… — Ray Dalio Copy Share Image
“future. That led me to make a thirty-minute video, How the Economic Machine Works, which I released in 2013.” — Ray Dalio Copy Share Image
“A thorough and accurate diagnosis, while more time-consuming, will pay huge dividends in the future.” — Ray Dalio 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 Copy Share Image
Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to… — Ray Dalio Copy Share Image
“Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy… — 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… — Ray Dalio Copy Share Image
For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes… — Ray Dalio Copy Share Image
“While in the past I would encounter problems, figure out their causes, and design my own ways to get around them, others… — Ray Dalio Copy Share Image
The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if… — Ray Dalio Copy Share Image
“no matter what asset class one held, there would come a time when it would lose most of its value. This included… — Ray Dalio 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 Copy Share Image
“if everyone understood the basics, then economic policymakers would be able to do the right things a lot faster and with less… — Ray Dalio Copy Share Image
“But this approach fails in cases where the future is different from the past and you don’t know the cause-effect relationships well… — Ray Dalio Copy Share Image
Evolution is the only thing that exists through time. That is true for computers, or people, or a business. We tend to… — Ray Dalio Copy Share Image
Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other… — Ray Dalio Copy Share Image
“It doesn’t pay to be open-minded with everyone. Instead, spend your time exploring ideas with the most believable people you have access… — Ray Dalio Copy Share Image
“the primary purpose of every living thing is to act as a vessel for the DNA that evolves life through time.” — Ray Dalio Copy Share Image
“Distinguish big problems from small ones. You only have so much time and energy; make sure you are investing them in exploring… — Ray Dalio Copy Share Image
“Be an imperfectionist. Perfectionists spend too much time on little differences at the margins at the expense of the important things.” — Ray Dalio Copy Share Image
“Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop… — Ray Dalio Copy Share Image
“I also recommend that both parties observe a “two-minute rule” in which neither interrupts the other, so they both have time to… — Ray Dalio Copy Share Image
“you need to weigh first-order consequences against second- and third-order consequences, and base your decisions not just on near-term results but on… — Ray Dalio Copy Share Image
People who worry about looking good typically hide what they don't know and hide their weaknesses, so they never learn how to… — 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
“The best behaviors one can hope for come from leaders who can weigh the benefits of cooperation, and who have long enough… — Ray Dalio Copy Share Image
“Enforce the logic of conversations. People’s emotions tend to heat up when there is disagreement. Remain calm and analytical at all times;… — Ray Dalio Copy Share Image
“To visualize what I mean by “shaping” and “shapers,” think of Steve Jobs, who was probably the greatest and most iconic shaper… — Ray Dalio Copy Share Image
“Debating takes time, and that time increases exponentially depending on the number of people participating in the discussion, so you have to… — Ray Dalio Copy Share Image
“Assess believability by systematically capturing people’s track records over time. Every day is not a new day. Over time, a body of… — 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
