“People who can accurately sort probabilities from possibilities are generally strong at “practical thinking”;” — Ray Dalio Practical Thinking Copy Share Image
“Reality is optimizing for the whole—not for you. Contribute to the whole and you will likely be rewarded.” — Ray Dalio Rewarded Copy Share Image
“a process that ensures problems are brought to the surface, and their root causes diagnosed, assures that continual improvements occur.” — Ray Dalio Improvements Occur Copy Share Image
“Julius Caesar’s overthrow of the Roman Senate and Republic as an illustration of how important it is to make sure no one… — Ray Dalio Caesar Copy Share Image
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline. — Ray Dalio Country Copy Share Image
“Aristotle defined tragedy as a terrible outcome arising from a person’s fatal flaw— a flaw that, had it been fixed, instead would… — Ray Dalio Aristotle Copy Share Image
“Remember that the quality of the life you get will depend largely on the quality of the decisions that you make as… — Ray Dalio Decision making 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… — Ray Dalio Ability Copy Share Image
“Make sure those who are given radical transparency recognize their responsibilities to handle it well and to weigh things intelligently. People cannot… — Ray Dalio Business Copy Share Image
“He rated Angela Merkel as the best leader in the West and considered Vladimir Putin one of the best leaders worldwide. He… — Ray Dalio Best leader Copy Share Image
“wise people stick with sound fundamentals through the ups and downs, while flighty people react emotionally to how things feel, jumping into… — Ray Dalio Emotionally Copy Share Image
“Look to the patterns of those things that affect you in order to understand the cause-effect relationships that drive them and to… — Ray Dalio Cause Effect Copy Share Image
“1. Have clear goals. 2. Identify and don’t tolerate the problems that stand in the way of your achieving those goals. 3. Accurately diagnose… — Ray Dalio Achieving goals Copy Share Image
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that… — Ray Dalio Best Copy Share Image
So how does the machine work that you have a financial crisis? How does deleveraging work - what is the nature of… — Ray Dalio Business Copy Share Image
“everyone has strengths and weaknesses, and everyone has an important role to play in life. Nature made everything and everyone for a… — Ray Dalio Courage 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
“Elon Musk (of Tesla, SpaceX, and SolarCity), Jeff Bezos (of Amazon), and Reed Hastings (of Netflix) are other great shapers from the… — Ray Dalio Business world Copy Share Image
“a. View painful problems as potential improvements that are screaming at you. Though it won’t feel that way at first, each and every… — Ray Dalio First step Copy Share Image
“Know what your people are like and what makes them tick, because your people are your most important resource. Develop a full… — Ray Dalio Habits Copy Share Image
“Closed-minded people focus much more on being understood than on understanding others.” — Ray Dalio Closed minded Copy Share Image
I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself. — Ray Dalio Believe Copy Share Image
“passing on knowledge is like passing on DNA—it is more important than the individual, because it lives way beyond the individual’s life.” — Ray Dalio Knowledge Copy Share Image
“Don’t get hung up on your views of how things “should” be because you will miss out on learning how they really… — Ray Dalio Views Copy Share Image
“Recognize that while most people prefer compliments, accurate criticism is more valuable. You’ve heard the expression “no pain no gain.” — Ray Dalio Compliments Copy Share Image
“Watch out for people who confuse goals and tasks, because if they can’t make that distinction, you can’t trust them with responsibilities.” — Ray Dalio Goals Copy Share Image
“Find the most believable people possible who disagree with you and try to understand their reasoning.” — Ray Dalio Reasoning Copy Share Image
“If you limit your goals to what you know you can achieve, you are setting the bar way too low.” — Ray Dalio Goals Copy Share Image
“There is no worse course in leadership than to hold out false hopes soon to be swept away.” — Ray Dalio Hope Copy Share Image
There is nothing to fear from truth…Being truthful is essential to being an independent thinker and obtaining greater understanding of what is… — Ray Dalio Being truthful Copy Share Image
“If you find you can’t reconcile major differences—especially in values—consider whether the relationship is worth preserving.” — Ray Dalio Worth Preserving Copy Share Image
“When faced with a choice between achieving their goal or pleasing (or not disappointing) others, they would choose achieving their goal every… — Ray Dalio Goals Copy Share Image
“Recognize that experience creates internalized learning that book learning can’t replace.” — Ray Dalio Book learning Copy Share Image
“Remember that almost everything will take more time and cost more money than you expect.” — Ray Dalio Expect Copy Share Image
“It is a common mistake to move in a nanosecond from identifying a tough problem to proposing a solution” — Ray Dalio Failure Copy Share Image
Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions. — Ray Dalio Action Copy Share Image
“Successful organizations have cultures in which evidence-based decision making is the norm rather than the exception.” — Ray Dalio Decision making Copy Share Image
“Having expectations for people (including yourself) without knowing what they are like is a sure way to get in trouble.” — Ray Dalio Expectations Copy Share Image
Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind… — Ray Dalio Bad thing Copy Share Image
“When a problem occurs, conduct the discussion at two levels: 1) the machine level (why that outcome was produced) and 2) the… — Ray Dalio Problem solving Copy Share Image
