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 DALIOTo be successful, we need everyone to think independently and work through disagreement to decide what’s best.
More Ray Dalio Quotes
-
-
The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
RAY DALIO -
More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.
RAY DALIO -
Successful people ask for the criticism of others and consider its merit.
RAY DALIO -
Almost everything is like a machine.
RAY DALIO -
Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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 -
You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
RAY DALIO -
When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
RAY 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 DALIO -
What matters most is that the people you work with share your values.
RAY DALIO -
The media has the power to create an entrenched perception of reality that’s incorrect.
RAY DALIO -
I think so many people are reactive… they see things in a short term way they’re right up against it.
RAY DALIO -
Don’t worry about looking good – worry about achieving your goals.
RAY DALIO -
Watch out for people who think it’s embarrassing not to know.
RAY DALIO -
Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
RAY DALIO