You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
RAY DALIOYou should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
RAY DALIOCompetitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
RAY DALIOI could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
RAY DALIOLike the saying goes, don’t believe everything you read.
RAY DALIOI 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 DALIORemember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.
RAY DALIOI 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 DALIONature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
RAY DALIOPeople 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.
RAY DALIOI notice a difference from the moment I meditate.
RAY DALIOIf you don’t own Gold, you know neither history nor economics.
RAY DALIOAlmost everything is like a machine.
RAY DALIOI can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I’ll come out of it refreshed and centered and that’s how I’ll feel and it’ll carry through the day.
RAY DALIOWhat matters most is that the people you work with share your values.
RAY DALIOEveryone has to decide for themselves what works for them and their organization.
RAY DALIOThat’s what I mean by radical truth. I mean accepting reality.
RAY DALIO