It’s more important to do big things well than to do small things perfectly.
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.
More Ray Dalio Quotes
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Constantly probe the people who report to you, and encourage them to probe you.
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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.
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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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Watch out for people who think it’s embarrassing not to know.
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There are far more good answers “out there” than there are in you.
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Like the saying goes, don’t believe everything you read.
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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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To make money in the markets, you have to think independently and be humble.
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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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Some 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.
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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.
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An economy is not a complicated thing; it just has a lot of moving parts.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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