Ray Dalio Quotes

Quotes about:

• For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow.

  Ray Dalio

  Life, Mistake, Opportunity

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• The more you think you know, the more closed-minded you'll be.

  Ray Dalio

  Thinking, Investing, Closed Minded

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

  Ray Dalio

  Glasses, Balls, Crystals

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• To make money in the markets, you have to think independently and be humble.

  Ray Dalio

  Humble, Thinking, Making Money

  "RAY DALIO: 'You can't make money agreeing with the consensus view'". www.businessinsider.com. March 6, 2015.

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• It's more important to do big things well than to do small things perfectly.

  Ray Dalio

  Important, Bigs, Wells

  Ray Dalio (2017). “Principles: Life and Work”, p.380, Simon and Schuster

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• 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

  Strong, Eye, Would Be

  "Ray Dalio eclipses George Soros as most successful fund manager" by Simon Goodley, www.theguardian.com. March 09, 2012.

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• By and large, life will give you what you deserve and it doesn't give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.

  Ray Dalio

  Life, Responsibility, Giving

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• Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.

  Ray Dalio

  Principles, Action, Consistent

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• Be wary of the arrogant intellectual who comments from the stands without having played on the field.

  Ray Dalio

  Life, Intellectual, Investing

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• It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.

  Ray Dalio

  Life, Law, Work Out

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• There are far more good answers "out there" than there are in you.

  Ray Dalio

  Life, Growth, Investing

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• If you don't own Gold, you know neither history nor economics.

  Ray Dalio

  Gold, Economics, Knows

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• The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.

  Ray Dalio

  Mistake, Believe, Past

  43 Copy quote

• You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

  Ray Dalio

  Should Have, Assuming, Assets

  Speech at the Corporate Program's CEO Speaker Series, www.cfr.org. September 12, 2012.

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• Successful people ask for the criticism of others and consider its merit.

  Ray Dalio

  Life, Successful, People

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• 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

  People, Looks, Investing

  Ray Dalio (2017). “Principles: Life and Work”, p.176, Simon and Schuster

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• School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.

  Ray Dalio

  Life, Real, School

  48 Copy quote

• Unlike in school, in life you don't have to come up with all the right answers. You can ask the people around you for help - or even ask them to do the things you don't do well. In other words, there is almost no reason not to succeed if you take the attitude of 1) total flexibility - good answers can come from anyone or anywhere (and in fact, as I have mentioned, there are far more good answers 'out there' than there are in you) and 2) total accountability: regardless of where the good answers come from, it's your job to find them.

  Ray Dalio

  Life, Jobs, Attitude

  79 Copy quote

• Don't worry about looking good - worry about achieving your goals.

  Ray Dalio

  Life, Goal, Worry

  Ray Dalio (2017). “Principles: Life and Work”, p.275, Simon and Schuster

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• To be successful, we need everyone to think independently and work through disagreement to decide what's best.

  Ray Dalio

  Successful, Thinking, Needs

  "Ray Dalio, head of the world's largest hedge fund, explains his succession plan for Bridgewater and how its 'radically transparent' culture is misunderstood". Interview with Richard Feloni, www.businessinsider.com. March 21, 2016.

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

  Ray Dalio

  Debt, Belts

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• Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e.g., how people should contact each other in the event of crises) are generally better than highly specialized solutions (e.g., how each person should contact each other in the event of every conceivable crisis).

  Ray Dalio

  Life, Differences, People

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• Watch out for people who think it's embarrassing not to know.

  Ray Dalio

  Life, Thinking, People

  Ray Dalio (2017). “Principles: Life and Work”, p.363, Simon and Schuster

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• Treat your life like a game.

  Ray Dalio

  Games, Treats

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• Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.

  Ray Dalio

  Life, Reality, People

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