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.
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Quotes by Ray Dalio
Explore 25 verified and sourced quotes attributed to Ray Dalio. Open any quote for its dedicated page, source details and related topics.
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Selected quotes by Ray Dalio
There are two main drivers of asset class returns - inflation and growth.
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.
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.
He who lives by the crystal ball will eat shattered glass.
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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.
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.
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.
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.
I think so many people are reactive... they see things in a short term way they're right up against it.
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.
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.
Almost everything is like a machine.
An economy is not a complicated thing; it just has a lot of moving parts.
Constantly probe the people who report to you, and encourage them to probe you.
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.
Nature is a machine. The family is a machine. The life cycle is like a machine.
Pull in your belt, spend less, and reduce debt.
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
Treat your life like a game.
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.
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.
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?
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