--- title: "Meaning & Key Takeaway of: make sure that no single bet, or even…" description: "\"“make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.”\" — Ray Dalio" image: "https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg" --- # make sure that no single bet, or even multiple bets, could… ![“make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.” quote by Ray Dalio](https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg) [Download](https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg) [Open image](https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg) > ““make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.”” [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He advises limiting any single or combined gamble to avoid losses beyond a tolerable threshold. **In simple terms:** Limit risk to acceptable levels. Key Takeaway Set strict risk limits. Themes risk management financial prudence decision making Mood cautious analytical Type advisory practical When to use this quote - investment planning - trading - budgeting - personal finance Key Concepts risk tolerance portfolio diversification Questions to Reflect On - What is your acceptable loss threshold? - How do you monitor cumulative risk? A Different Perspective Risk limits can be hard to enforce in volatile markets. ★ ★ ★ ★ ★ No ratings yet ## Related quotes > [Of course I gamble, to make the games interesting. But five hundred dollars a game, tops. Or sometimes a thousand. 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Nor does he have a “system”…](https://sms4smile.com/quotes/nate-silver/he-does-not-depend-on-insider-tips-crooked-referees-or-other-sorts-of/) [Nate Silver](https://sms4smile.com/quotes/author/nate-silver/) > [It is quite amazing how hard the subconscious works when it is made to understand that this life is not a rehearsal, there is…](https://sms4smile.com/quotes/john-burdett/it-is-quite-amazing-how-hard-the-subconscious-works-when-it-is-made/) [John Burdett](https://sms4smile.com/quotes/author/john-burdett/) > [I guess, what I'm saying is that when I've been this surprised by my own characters and world, all bets are off.](https://sms4smile.com/quotes/laurell-k-hamilton/i-guess-what-i-m-saying-is-that-when-i-ve-been-this-surprised-by-my/) [Laurell K. Hamilton](https://sms4smile.com/quotes/author/laurell-k-hamilton/) > [The one thing that I think separates Microsoft from a lot of other people is we make bold bets. We're persistent about them, but…](https://sms4smile.com/quotes/steve-ballmer/the-one-thing-that-i-think-separates-microsoft-from-a-lot-of-other/) [Steve Ballmer](https://sms4smile.com/quotes/author/steve-ballmer/) > [Mars still remains the astrobiology community's number one choice for 'nearest rock with life,' but there are many researchers who argue that the moons…](https://sms4smile.com/quotes/seth-shostak/mars-still-remains-the-astrobiology-community-s-number-one-choice-for/) [Seth Shostak](https://sms4smile.com/quotes/author/seth-shostak/) > [I live in New York and got a call from my agent saying there was this new role on 'Mad Men,' it might be…](https://sms4smile.com/quotes/cara-buono/i-live-in-new-york-and-got-a-call-from-my-agent-saying-there-was-this/) [Cara Buono](https://sms4smile.com/quotes/author/cara-buono/) > [The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5.…](https://sms4smile.com/quotes/ed-seykota/the-trading-rules-i-live-by-are-1-cut-losses-2-ride-winners-3-keep/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Are you placing enough interesting, freakish, long shot, weirdo bets?](https://sms4smile.com/quotes/tom-peters/are-you-placing-enough-interesting-freakish-long-shot-weirdo-bets/) [Tom Peters](https://sms4smile.com/quotes/author/tom-peters/) > [This is a perverse thing, personally, but I would rather be in the cycle where people are underestimating us. It gives us latitude to…](https://sms4smile.com/quotes/mark-zuckerberg/this-is-a-perverse-thing-personally-but-i-would-rather-be-in-the/) [Mark Zuckerberg](https://sms4smile.com/quotes/author/mark-zuckerberg/) > [When we got married, nobody gave it more than two weeks. There were bets all over the country, with astronomical odds against us.](https://sms4smile.com/quotes/desi-arnaz/when-we-got-married-nobody-gave-it-more-than-two-weeks-there-were/) [Desi Arnaz](https://sms4smile.com/quotes/author/desi-arnaz/) > [If I had to lay bets, my bet would be that everything is going to go to hell, but, you know, what else have…](https://sms4smile.com/quotes/richard-rorty/if-i-had-to-lay-bets-my-bet-would-be-that-everything-is-going-to-go/) [Richard Rorty](https://sms4smile.com/quotes/author/richard-rorty/) > [“Edward: I don't know whether to put my fingers in my ears and go la-la-la or find more of your guards so we can…](https://sms4smile.com/quotes/laurell-k-hamilton/edward-i-don-t-know-whether-to-put-my-fingers-in-my-ears-and-go-la-la/) [Laurell K. Hamilton](https://sms4smile.com/quotes/author/laurell-k-hamilton/) ## More by Ray Dalio > [“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.…](https://sms4smile.com/quotes/ray-dalio/slow-down-your-thinking-so-you-can-note-the-criteria-you-are-using-to/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“Having a process that ensures problems are brought to the surface, and their root causes diagnosed, assures that continual improvements occur.”](https://sms4smile.com/quotes/ray-dalio/having-a-process-that-ensures-problems-are-brought-to-the-surface-and/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“If you can’t successfully do something, don’t think you can tell others how it should be done”](https://sms4smile.com/quotes/ray-dalio/if-you-can-t-successfully-do-something-don-t-think-you-can-tell/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“Remember that a good plan should resemble a movie script.”](https://sms4smile.com/quotes/ray-dalio/remember-that-a-good-plan-should-resemble-a-movie-script/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I…](https://sms4smile.com/quotes/ray-dalio/i-believe-that-the-key-to-success-lies-in-knowing-how-to-both-strive/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [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.](https://sms4smile.com/quotes/ray-dalio/i-m-scared-of-one-man-one-vote-because-it-suggests-that-everybody-has/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“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…](https://sms4smile.com/quotes/ray-dalio/a-manager-s-ability-to-recognize-when-outcomes-are-inconsistent-with/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“So I learned to be radically open-minded to allow others to point out what I might be missing.”](https://sms4smile.com/quotes/ray-dalio/so-i-learned-to-be-radically-open-minded-to-allow-others-to-point-out/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“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,…](https://sms4smile.com/quotes/ray-dalio/during-those-terrible-days-after-9-11-when-the-whole-country-was/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“is more effective to train that subconscious, emotional you the same way you would teach a child to behave”](https://sms4smile.com/quotes/ray-dalio/is-more-effective-to-train-that-subconscious-emotional-you-the-same/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [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…](https://sms4smile.com/quotes/ray-dalio/i-think-that-the-first-thing-is-you-should-have-a-strategic-asset/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [Life is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better…](https://sms4smile.com/quotes/ray-dalio/life-is-like-a-game-where-you-seek-to-overcome-the-obstacles-that/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“when we look down on ourselves through the eyes of nature we are of absolutely no significance. It is a reality that each one…](https://sms4smile.com/quotes/ray-dalio/when-we-look-down-on-ourselves-through-the-eyes-of-nature-we-are-of/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“Great questions are a much better indicator of future success than great answers.”](https://sms4smile.com/quotes/ray-dalio/great-questions-are-a-much-better-indicator-of-future-success-than/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“Georgi Plekhanov’s classic On the Role of the Individual in History.”](https://sms4smile.com/quotes/ray-dalio/georgi-plekhanov-s-classic-on-the-role-of-the-individual-in-history/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) [Explore all 716 Ray Dalio quotes ](https://sms4smile.com/quotes/author/ray-dalio/) ## More Bets quotes > [“Edward: I don't know whether to put my fingers in my ears and go la-la-la or find more of your guards so we can…](https://sms4smile.com/quotes/laurell-k-hamilton/edward-i-don-t-know-whether-to-put-my-fingers-in-my-ears-and-go-la-la/) [Laurell K. Hamilton](https://sms4smile.com/quotes/author/laurell-k-hamilton/) > [If I had to lay bets, my bet would be that everything is going to go to hell, but, you know, what else have…](https://sms4smile.com/quotes/richard-rorty/if-i-had-to-lay-bets-my-bet-would-be-that-everything-is-going-to-go/) [Richard Rorty](https://sms4smile.com/quotes/author/richard-rorty/) > [When we got married, nobody gave it more than two weeks. There were bets all over the country, with astronomical odds against us.](https://sms4smile.com/quotes/desi-arnaz/when-we-got-married-nobody-gave-it-more-than-two-weeks-there-were/) [Desi Arnaz](https://sms4smile.com/quotes/author/desi-arnaz/) > [This is a perverse thing, personally, but I would rather be in the cycle where people are underestimating us. It gives us latitude to…](https://sms4smile.com/quotes/mark-zuckerberg/this-is-a-perverse-thing-personally-but-i-would-rather-be-in-the/) [Mark Zuckerberg](https://sms4smile.com/quotes/author/mark-zuckerberg/) > [Are you placing enough interesting, freakish, long shot, weirdo bets?](https://sms4smile.com/quotes/tom-peters/are-you-placing-enough-interesting-freakish-long-shot-weirdo-bets/) [Tom Peters](https://sms4smile.com/quotes/author/tom-peters/) > [The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5.…](https://sms4smile.com/quotes/ed-seykota/the-trading-rules-i-live-by-are-1-cut-losses-2-ride-winners-3-keep/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [I live in New York and got a call from my agent saying there was this new role on 'Mad Men,' it might be…](https://sms4smile.com/quotes/cara-buono/i-live-in-new-york-and-got-a-call-from-my-agent-saying-there-was-this/) [Cara Buono](https://sms4smile.com/quotes/author/cara-buono/) > [Mars still remains the astrobiology community's number one choice for 'nearest rock with life,' but there are many researchers who argue that the moons…](https://sms4smile.com/quotes/seth-shostak/mars-still-remains-the-astrobiology-community-s-number-one-choice-for/) [Seth Shostak](https://sms4smile.com/quotes/author/seth-shostak/) > [The one thing that I think separates Microsoft from a lot of other people is we make bold bets. We're persistent about them, but…](https://sms4smile.com/quotes/steve-ballmer/the-one-thing-that-i-think-separates-microsoft-from-a-lot-of-other/) [Steve Ballmer](https://sms4smile.com/quotes/author/steve-ballmer/) > [I guess, what I'm saying is that when I've been this surprised by my own characters and world, all bets are off.](https://sms4smile.com/quotes/laurell-k-hamilton/i-guess-what-i-m-saying-is-that-when-i-ve-been-this-surprised-by-my/) [Laurell K. Hamilton](https://sms4smile.com/quotes/author/laurell-k-hamilton/) > [It is quite amazing how hard the subconscious works when it is made to understand that this life is not a rehearsal, there is…](https://sms4smile.com/quotes/john-burdett/it-is-quite-amazing-how-hard-the-subconscious-works-when-it-is-made/) [John Burdett](https://sms4smile.com/quotes/author/john-burdett/) > [“He does not depend on insider tips, crooked referees, or other sorts of hustles to make his bets. Nor does he have a “system”…](https://sms4smile.com/quotes/nate-silver/he-does-not-depend-on-insider-tips-crooked-referees-or-other-sorts-of/) [Nate Silver](https://sms4smile.com/quotes/author/nate-silver/) > [There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a…](https://sms4smile.com/quotes/larry-hite/there-are-just-four-kinds-of-bets-there-are-good-bets-bad-bets-bets/) [Larry Hite](https://sms4smile.com/quotes/author/larry-hite/) > [In investing, we intuitively think we should make a number of small bets. A blockbuster strategy is the opposite. It means making fewer huge…](https://sms4smile.com/quotes/anita-elberse/in-investing-we-intuitively-think-we-should-make-a-number-of-small/) [Anita Elberse](https://sms4smile.com/quotes/author/anita-elberse/) > [In 21st-century storytelling all bets are off: anybody can do anything. We're all storytellers.](https://sms4smile.com/quotes/lenny-henry/in-21st-century-storytelling-all-bets-are-off-anybody-can-do-anything/) [Lenny Henry](https://sms4smile.com/quotes/author/lenny-henry/) Browse all 71 Bets quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.”", "creator": { "@type": "Person", "name": "Ray Dalio" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ray-dalio/make-sure-that-no-single-bet-or-even-multiple-bets-could-cause-me-to/", "about": { "@type": "Thing", "name": "Bets" }, "@id": "https://sms4smile.com/quotes/ray-dalio/make-sure-that-no-single-bet-or-even-multiple-bets-could-cause-me-to/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg", "contentUrl": "https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg", "url": "https://sms4smile.com/quotes/i/5a5/ray-dalio-299_bets_make-sure-that-no-single-bet-or-even-mul_2511639.jpg", "width": 1080, "height": 1080, "caption": "“make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.” — Ray Dalio", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ray Dalio", "item": "https://sms4smile.com/quotes/author/ray-dalio/" }, { "@type": "ListItem", "position": 4, "name": "“make sure that no single bet,...", "item": "https://sms4smile.com/quotes/ray-dalio/make-sure-that-no-single-bet-or-even-multiple-bets-could-cause-me-to/" } ], "@id": "https://sms4smile.com/quotes/ray-dalio/make-sure-that-no-single-bet-or-even-multiple-bets-could-cause-me-to/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```