Latest Ray Dalio Quotes from Interviews

Quotes about:

• Evolution is the only thing that exists through time. That is true for computers, or people, or a business. We tend to see things in a static way, and so you see what is. Even in looking at ourselves, what we really are is essentially vessels for our DNA that keeps evolving through time. So seeing that and embracing that reality, and thinking of everything as kind of this perpetual motion machine in which you embrace reality - you don't wish it was different. You realize that it's your puzzle to interact with. You interact with it well, you evolve yourself.

  Ray Dalio

  Reality, Thinking, People

  Source: www.omnivoracious.com

• The expression I use: Pain + Reality = Progress. Whenever I would have a painful mistake, I started to view that as puzzles that would give me gems if I could solve the puzzle. So, it made me thoughtful - what should I do differently next time? That was the puzzle. And the gem was some principle for handling the same thing when it came along again, and then I would write it down. And by writing it down and referring to it, and also being able to show it to other people so that we could agree that that was a good way of handling that thing - that was very, very powerful.

  Ray Dalio

  Pain, Powerful, Mistake

  Source: www.omnivoracious.com

• I have a bad rote memory, but I tend to learn through my experiences. And then when I went into the markets, and then starting my business as an entrepreneur, that affected my thinking a lot, too, because in order to be successful as both an investor and an entrepreneur, one has to be an independent thinker and bet against the consensus and be right. Because the consensus is built into the price, and if you're not an independent thinker in the markets you won't succeed. And if you're not an independent thinker as an entrepreneur starting out, you're not going to bring anything special.

  Ray Dalio

  Memories, Independent, Successful

  Source: www.omnivoracious.com

• Success is not in obtaining the thing. Because there's always another thing. And then you look back on it, and for me, through my evolution, yes I have success by most measures - but for me, when it comes to the greatest joy of reward, there's an emotional element and there's an intellectual element. Emotionally, my greatest joy was the personal relationships I've had. That was the greatest joy. Intellectually, my satisfaction was that I do feel I've evolved well and I'm doing my best to contribute toward evolution.

  Ray Dalio

  Emotional, Joy, Intellectual

  Source: www.omnivoracious.com

• Meditation gives you two things: equanimity and creativity. And it does that by taking one from their conscious mind, where there's all that noise and chaos and so on, into the subconscious mind where there's quiet and where creativity emanates from. You have a mantra, and when you repeat it over and over again, all those thoughts go away because you shift them to that mantra. And then eventually that sound disappears, and then you're left not conscious or unconscious - you're left in this subconscious state, and by opening that up, first of all you get control of it.

  Ray Dalio

  Creativity, Giving, Meditation

  Source: www.omnivoracious.com

• One of the things meditation gives you is creativity because creativity really comes from the subconscious brain - intuition, imagination - so it's not like you can go there and say, I'm going to go be creative now. Maybe you can, but the real way you get creativity is, you know, you're taking a hot shower and great ideas come to you from the subconscious. Essentially, meditation opens a pipeline between the conscious and the subconscious.

  Ray Dalio

  Real, Creativity, Giving

  Source: www.omnivoracious.com

• The meaningful work and the meaningful relationships are, to me, comparable rewards. I think being on a mission to do something great is great, and to be on that mission with people who you have really meaningful relationships with not only provides both types of rewards, but it's mutually supportive. Because you can have tough love, but there's also the love part of that in terms of the caring for each other, and when you have the caring you can be tougher on each other. Some people describe it as an intellectual Navy Seals.

  Ray Dalio

  Meaningful, Caring, Thinking

  Source: www.omnivoracious.com

• To have an idea meritocracy, one needs to do three things. First, they have to put their honest thoughts on the table, for everyone to look at and everyone to work through. Second, they need to have thoughtful disagreement, by which there are quality exchanges, in which there's open mindedness and the realization that no one has all the right answers. And you can work through that and get to better answers because good collective decision making is better than any individual decision making. And third, you have to have ways of getting past the disagreements if they remain.

  Ray Dalio

  Thoughtful, Past, Decision

  Source: www.omnivoracious.com

• This is my year of transition from what I'm calling the second phase of my life to the third phase of my life. And I wanted to pass it along. What I mean by that is, in the first days of your life you're dependent on others and you learn. You're basically a kid, depending on your parents. In the second phase of your life, you're working and others are dependent on you and you're trying to be successful. And then when you go to the third phase of your life it's no longer as much of a kick to be successful. There's a natural, instinctual desire to help other people be successful.

  Ray Dalio

  Mean, Kids, Successful

  ""I Wrote it to Help People Make Decisions Better' - A Conversation with Ray Dalio". Interview With Chris Schluep, www.amazonbookreview.com. October 25, 2017.

• If you have the power to see things through somebody else's eyes, it's like going from black and white to color or two dimensions to three dimensions.

  Ray Dalio

  Eye, Black And White, Two

  Source: www.businessinsider.com

• Forget about what the technology is. Just understand the motivation behind it.

  Ray Dalio

  Motivation, Technology, Forget

  Source: www.businessinsider.com

• I'm sure Donald Trump will think that he has the truth, and some journalist is arguing that he has truth, and somebody else is arguing that they have the truth. And in fact it's even worse than that because they're so hell bent on their arguments that they will distort the truth consciously. They'll manipulate the facts to support their arguments because they're so hung up in the fight. That's where the problem is, so we argue all the time.

  Ray Dalio

  Fighting, Thinking, Support

  Source: www.businessinsider.com

• We don't have ways of resolving the arguments in idea meritocratic way.

  Ray Dalio

  Ideas, Way, Argument

  Source: www.businessinsider.com

• I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments.

  Ray Dalio

  Thinking, Argument, Problem

  Source: www.businessinsider.com

• In order to get past disagreements, you just can't have one person with power decide. In other words, so just because I'm a boss, it would be terrible if I then said, "Okay, we're gonna go do this." That's why, after that thoughtful disagreement, there has to be a process of an idea meritocracy. That means okay, now you have to vote, not that the decision resides with power. And then you vote and move beyond it.

  Ray Dalio

  Moving, Mean, Thoughtful

  Source: www.businessinsider.com

• I think it is in the nature of individuals and individual entities not to self-correct.

  Ray Dalio

  Thinking, Self, Individual

  Source: www.businessinsider.com

• I think the media argues all the time with itself.

  Ray Dalio

  Thinking, Media, Arguing

  Source: www.businessinsider.com

• I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.

  Ray Dalio

  Believe, Thinking, Self

  Source: www.businessinsider.com

• We don't know what truth is anymore. You or other media people can say there's no problem, but you're losing your credibility. There's distortion, and it's hurting our society. And as a result of that, there will be forces that, one way or another, are going to naturally bring that into equilibrium.

  Ray Dalio

  Hurt, Media, People

  Source: www.businessinsider.com

• 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.

  Ray Dalio

  Thinking, Self, Media

  Source: www.businessinsider.com

• With the media, we don't know what's true, and we don't have radical transparency because we're seeing everything through somebody else's eyes. There's no other industry that has as much power and as much freedom and as little quality control. I can't imagine how anyone could not think that's a problem.

  Ray Dalio

  Eye, Thinking, Media

  Source: www.businessinsider.com

• You have to put yourself in my shoes as a person who believes in radical truth and in being radically transparent, not in seeing things through somebody else's eyes.

  Ray Dalio

  Believe, Eye, Shoes

  Source: www.businessinsider.com

• Like the saying goes, don't believe everything you read.

  Ray Dalio

  Believe, Don't Believe

  Source: www.businessinsider.com

• I do think people need to recognize that a lot of journalists want to write a story a certain way because the story will be better or the portrayal will be better, or at least recognize that whenever you're looking at something, you're seeing it through somebody's eyes who may actually not be the person who is the most insightful.

  Ray Dalio

  Writing, Eye, Thinking

  Source: www.businessinsider.com

• I don't think there is such a thing as the perfect system.

  Ray Dalio

  Thinking, Perfect

  Source: www.businessinsider.com