Ray Dalio Quotes

Ray Dalio Quotes

 

To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.

 

Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.

 

Be wary of the arrogant intellectual who comments from the stands without having played on the field.

 

I think meditation has been the single biggest reason for whatever success I’ve had

 

What I’m trying to say is that for the average investor, what I would encourage them to do is to understand that there’s inflation and growth. It can go higher and lower and to have four different

 

portfolios essentially that make up your entire portfolio that gets you balanced.

 

There are far more good answers “out there” than there are in you.

 

People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.

the happiest people discover their own nature and match their life to it.

 

Life is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better at this game through practice. The game consists of a series of choices that have consequences. You can’t stop the problems and choices from coming at you, so it’s better to learn how to deal with them.

 

Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.

 

Principles are concepts that can be applied over and over again in similar circumstances as distinct from narrow answers to specific questions. Every game has principles that successful players master to achieve winning results. So does life. Principles are ways of successfully dealing with the laws of nature or the laws of life. Those who understand more of them and understand them well know how to interact with the world more effectively than those who know fewer of them or know them less well.

 

I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.

 

I do think people need to recognize that a lot of journalists want to write a story a certain way because the story will be better or the portrayal will be better, or at least recognize that whenever you’re looking at something, you’re seeing it through somebody’s eyes who may actually not be the person who is the most insightful.

 

For me, the best things in life – meaningful work, meaningful relationships, interesting experiences, good food, sleep, music, ideas, sex, and other basic needs and pleasures – are not, past a certain point, materially improved upon by having a lot of money.

 

By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.

 

You’ll see that excuses like “That’s not easy” are of no value and that it pays to “push through it” at a pace you can handle. Like getting physically fit, the most important thing is that you keep moving forward at whatever pace you choose, recognizing the consequences of your actions.

 

When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.

 

Radical transparency is critical to having an idea meritocracy because it shows what’s actually happening without spin and prevents people from manoeuvring politically behind each other’s’ backs. It brings problems and weaknesses to the surface and allows people to see how they are dealt with, so it’s great for training people on how to deal with real problems.

 

There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.

 

Never say anything about a person you wouldn’t say to them directly, and don’t try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn’t yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.

 

When you’re centered, your emotions are not hijacking you.

 

The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.

 

Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.

 

Sometimes we forge our own principles and sometimes we accept others’ principles, or holistic packages of principles, such as religion and legal systems. While it isn’t necessarily a bad thing to use others’ principles – it’s difficult to come up with your own, and often much wisdom has gone into those already created – adopting pre-packaged principles without much thought exposes you to the risk of inconsistency with your true values.

 

Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.

 

One of the things meditation gives you is creativity because creativity really comes from the subconscious brain – intuition, imagination – so it’s not like you can go there and say, I’m going to go be creative now. Maybe you can, but the real way you get creativity is, you know, you’re taking a hot shower and great ideas come to you from the subconscious. Essentially, meditation opens a pipeline between the conscious and the subconscious.

 

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.

 

In order to get past disagreements, you just can’t have one person with power decide. In other words, so just because I’m a boss, it would be terrible if I then said, “Okay, we’re gonna go do this.” That’s why, after that thoughtful disagreement, there has to be a process of an idea meritocracy. That means okay, now you have to vote, not that the decision resides with power. And then you vote and move beyond it.

 

The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).

 

Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.

 

I think if you look at the statistics and you deal with fake media – and fake media and distorted media is a continuum – the vast majority of the population says, “I don’t know what to believe.” There are no checks and balances in quality control.

 

There are far more good answers “out there” than there are in you.

 

Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.

 

I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.

 

I just want to be right—I don’t care if the right answer comes from me.

 

Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.

 

The media has the power to create an entrenched perception of reality that’s incorrect.

 

When there is pain, the animal instinct is ‘fight or flight’ (i.e., to either strike back or run away) – reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.

 

There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.

 

Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.

 

Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.

 

So I learned that the people who make the most of the process of encountering reality, especially the painful obstacles, learn the most and get what they want faster than people who do not. … In short, I learned that being totally truthful, especially about mistakes and weaknesses, led to a rapid rate of improvement and movement toward what I wanted.

 

You’ll see that excuses like “That’s not easy” are of no value and that it pays to “push through it” at a pace you can handle. Like getting physically fit, the most important thing is that you keep moving forward at whatever pace you choose, recognizing the consequences of your actions.

 

In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridge water.

 

There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.

 

With the media, we don’t know what’s true, and we don’t have radical transparency because we’re seeing everything through somebody else’s eyes. There’s no other industry that has as much power and as much freedom and as little quality control. I can’t imagine how anyone could not think that’s a problem.

 

Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.

 

Since the only way you are going to find solutions to painful problems is by thinking deeply about them – i.e., reflecting – if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.

 

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