Watch out for people who think it’s embarrassing not to know.
RAY DALIO
RAY DALIO
More Ray Dalio quotes
You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
Ray DalioRay Dalio Like the saying goes, don’t believe everything you read.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
Ray DalioRay Dalio The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
Ray DalioRay Dalio To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio I think meditation has been the single biggest reason for whatever success Ive had.
Ray DalioRay Dalio The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
Ray DalioRay Dalio Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.
Ray DalioRay Dalio I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don’t have a process for properly examining these ideas to find out what’s true. That creates a world of distortions.
Ray DalioRay Dalio Be wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray DalioRay Dalio I’m going to give away a lot more than half my money. I’d be happy to give that to the government if the government put together programs that were like I’m giving away to charity, in which I believe the money is effectively used to help people.
Ray DalioRay Dalio Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
Ray DalioRay Dalio