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 DALIOWatch out for people who think it’s embarrassing not to know.
More Ray Dalio Quotes
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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When you’re centered, your emotions are not hijacking you.
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There are far more good answers “out there” than there are in you.
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Successful people ask for the criticism of others and consider its merit.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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Like the saying goes, don’t believe everything you read.
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Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
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It’s more important to do big things well than to do small things perfectly.
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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 Bridgewater.
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People who worry about looking good typically hide what they don’t know and hide their weaknesses, so they never learn how to properly deal with them and these weaknesses remain impediments in the future.
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Forget about what the technology is. Just understand the motivation behind it.
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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.
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I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging.
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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.
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