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 DALIOI believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
More Ray Dalio Quotes
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I think meditation has been the single biggest reason for whatever success Ive had.
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You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
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Some people seek to understand, and some people seek to portray what they want to portray.
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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.
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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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He who lives by the crystal ball will eat shattered glass.
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When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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Constantly probe the people who report to you, and encourage them to probe you.
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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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I’d like to be clear that a number of people find me intolerable, and they don’t hesitate to say so – which they and I cherish.
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The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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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.
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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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Like the saying goes, don’t believe everything you read.
RAY DALIO