Opinions Quote by Ray Dalio
““Remember that believable opinions are most likely to come from people 1) who have successfully accomplished the thing in question at least three times, and 2) who have great explanations of the cause-effect relationships that lead them to their conclusions. Treat those who have neither as not believable, those who have one as somewhat believable, and those who have both as the most believable. Be especially wary of those who comment from the stands without having played on the field themselves and who don’t have good logic, as they are dangerous to themselves and others.””
About This Quote
Source Book: Principles, 2017
Credibility stems from both experience and understanding; weigh both when evaluating opinions.
In simple terms: Experience plus insight equals credibility.
Key Takeaway
Prioritize knowledgeable, proven sources.
Themes
credibility
experience
logic
Mood
analytical
skeptical
Type
advice
philosophical
When to use this quote
- investment decisions
- leadership advice
- policy analysis
- education
Key Concepts
decision making
critical thinking
Questions to Reflect On
- How to assess logical reasoning?
- When to trust intuition over data?
A Different Perspective
Overreliance on experience alone can be misleading.
