Quotes by Ray Dalio

I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day.

— Ray Dalio

Wisdom

There are two main drivers of asset class returns - inflation and growth.

— Ray Dalio

Wisdom

Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.

— Ray Dalio

Wisdom

I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.

— Ray Dalio

Courage

He who lives by the crystal ball will eat shattered glass.

— Ray Dalio

Wisdom

There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.

— Ray Dalio

Wisdom

Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.

— Ray Dalio

Wisdom

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

— Ray Dalio

Wisdom

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

— Ray Dalio

Wisdom

Maintain 'baseball cards' and/or 'believability matrixes' for your people. Imagine if you had baseball cards that showed all the performance stats. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.

— Ray Dalio

Wisdom

I think so many people are reactive... they see things in a short term way they're right up against it.

— Ray Dalio

Wisdom

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

— Ray Dalio

Wisdom

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

— Ray Dalio

Hope

Almost everything is like a machine.

— Ray Dalio

Wisdom

An economy is not a complicated thing; it just has a lot of moving parts.

— Ray Dalio

Wisdom

Constantly probe the people who report to you, and encourage them to probe you.

— Ray Dalio

Courage

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

— Ray Dalio

Hope

Nature is a machine. The family is a machine. The life cycle is like a machine.

— Ray Dalio

Life

Pull in your belt, spend less, and reduce debt.

— Ray Dalio

Wisdom

The big question is: When will the term structure of interest rates change? That's the question to be worried about.

— Ray Dalio

Wisdom

Treat your life like a game.

— Ray Dalio

Life

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.

— Ray Dalio

Wisdom

Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.

— Ray Dalio

Education

Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?

— Ray Dalio

Wisdom