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 DALIOSome 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.
More 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.
RAY DALIO -
Watch out for people who think it’s embarrassing not to know.
RAY DALIO -
I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
RAY DALIO -
There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
RAY DALIO -
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.
RAY DALIO -
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.
RAY DALIO -
Almost everything is like a machine.
RAY 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 DALIO -
I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
RAY DALIO -
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
RAY DALIO -
If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
RAY DALIO -
What matters most is that the people you work with share your values.
RAY DALIO -
Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
RAY DALIO -
Like the saying goes, don’t believe everything you read.
RAY DALIO -
There are two main drivers of asset class returns – inflation and growth.
RAY DALIO