Be wary of the arrogant intellectual who comments from the stands without having played on the field.
RAY DALIO
RAY DALIO
More Ray Dalio quotes
Meditation, more than any other factor, has been the reason for what success I’ve had.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio If you don’t own Gold, you know neither history nor economics.
Ray DalioRay Dalio When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation’s lower than expected, bonds go up.
Ray DalioRay Dalio 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 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