You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
RAY DALIODemand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.
More Ray Dalio Quotes
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Like the saying goes, don’t believe everything you read.
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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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I’ve learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective.
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Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
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There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging.
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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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What matters most is that the people you work with share your values.
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There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
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Treat your life like a game.
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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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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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Constantly probe the people who report to you, and encourage them to probe you.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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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.
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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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