Ray Dalio

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Last quote by Ray Dalio

And if you keep doing that over and over again, you will inevitably succeed.feedback
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Nov 16 2017
We found 34 articles in which Ray Dalio said something. The most recent Ray Dalio’s quote is: “The biggest tragedy of most people is that they think that the right decisions are in their heads, they have opinions that they are attached to and that I learned through experiences, I learned humility.”. In addition, all sources we refer have quoted Ray Dalio 74 times. On this page, you will find all of Ray Dalio’s quotes organized by date and topic.
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Ray Dalio quotes

Oct 23 2017 - Trump Presidency

While conditions for the lowest income groups have long been bad, conditions of non-college-educated whites (especially males) have deteriorated significantly over the past 30 years or so. This is the group that swung most strongly to help elect President Trump.feedback

Oct 23 2017

Because the economic, social, and political consequences of an economic downturn would likely be severe, if I were running Fed policy, I would want to take this into consideration and keep an eye on the economy of the bottom 60%. By monitoring what is happening in the economies of both the bottom 60% and the top 40% (or, even better, more granular groups), policy makers and the rest of us can give consideration to the implications of this issue.feedback

Oct 23 2017

The polarity in economics and living standards is contributing to greater political polarity. It is also leading to reduced trust and confidence in government, financial institutions, and the media, which is at or near 35-year lows.feedback

Oct 03 2017

The main purpose of discussion is to achieve completion and get in sync, which leads to decisions and/or actions. Conversations that fail to reach completion are a waste of time.feedback

Oct 03 2017

Remember that for an organization to be effective, the people who make it up must be aligned on many levels – first from what their shared mission is, to how they will treat each other, to a more practical picture of who will do what when to achieve their goals. There are many reasons why meetings go poorly, but frequently it is because of a lack of clarity about the topic or the level at which things are being discussed. Meetings without someone clearly responsible run a high risk of being directionless and unproductive.feedback

Oct 03 2017

If your goal is to have people with different opinions work through their differences to try to get closer to what is true and what to do about it, you will run your meeting differently than if its goal is to educate. Reconciling different points of view can be difficult and time-consuming. It is up to the meeting leader to balance conflicting perspectives, push through impasses and decide how to spend time wisely.feedback

Oct 03 2017

Where further action has been decided, get those tasks on a to-do list, assign people to do them and specify due dates.feedback

Oct 03 2017

It is often best to repeat a specific question to be sure both the questioner and responder are crystal clear on what is being asked and answered.feedback

Oct 03 2017

You need to clearly navigate between these levels in order to handle the case well, test the effectiveness of your principles and improve the machine so similar cases will be handled better in the future. Topic slip is random drifting from topic to topic without achieving completion of any of them. One way to avoid it is by tracking the conversation on a whiteboard so that everyone can see where you are. It's more difficult to shut down a logical exchange than an emotional one. Emotions can shade how people see reality.feedback

Oct 03 2017

Too often, groups will make a decision to do something without assigning personal responsibility, so it is not clear who is supposed to follow up by doing what.feedback

Oct 03 2017

It may be tempting to convene a larger group, but having too many people collaborate is counterproductive.feedback

Sep 27 2017

I think the greatest issue of our time is the disparity of wealth and the problems that exist for the lower 40% of the population. If you carve out that lower 40%, not only has there been no income growth, but death rates are rising because of opiate use, suicide, and because they're losing jobs.feedback

Sep 19 2017

If you were to have a downturn, I really do believe that the wealth conflict, the left, the right and all of that would be intolerable. If you have a downturn, I think it becomes a social and political question.feedback

Sep 19 2017

I think we're in a good part of the cycle.feedback

Sep 19 2017

What is a big deal is if you had an economic downturn because we have two economies.feedback

Sep 19 2017 - Bitcoin

You can't make much transactions with it. You can't spend it very easily. It's not a store-hold of wealth. Bitcoin is a highly speculative market. Bitcoin is bubble.feedback

Sep 19 2017

There's no compelling reason to tighten monetary policy. We need to be careful.feedback

Sep 19 2017

The greatest tragedy of mankind – or one of them – is that people needlessly hold wrong opinions in their minds.feedback

Sep 15 2017

My experience over this period was like a series of blows to the head with a baseball bat. Being so wrong – and especially so publicly wrong – was incredibly humbling and cost me just about everything I had built at Bridgewater.feedback

Sep 15 2017

I learned that failing is an essential step toward success, and that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learnings without failing badly enough to get knocked out of the game.feedback

Sep 15 2017

For over twenty-six years now, that new type of plane [Pure Alpha] has flown exactly as we anticipated, making money in twenty-three of these years (having only modest losses in the other three) and making more money in total for our clients than any other hedge fund ever.feedback

Sep 15 2017

In retrospect, my crash [failure] was one of the best things that ever happened to me because it gave me the humility I needed to balance my aggressiveness. I learned a great fear of being wrong that shifted my mind-set from thinking 'I'm right' to asking myself 'How do I know I'm right?' And I saw clearly that the best way to answer this question is by finding other independent thinkers who are on the same mission as me and who see things differently from me. By engaging them in thoughtful disagreement, I'd be able to understand their reasoning and have them stress-test mine.feedback

Sep 12 2017

Think how much better that would be, how much more efficient that would be.feedback

Sep 12 2017

In terms of my reaction, I would say if he was to leave it would be terrible. It would also represent a challenge for the administration. It also becomes representative to what it would be like to be in the administration. It would be difficult to get quality [people] in the administration. ... I think it would be terrible if Gary left.feedback

Sep 06 2017

For example, a creative thinker who is unreliable might be matched up with someone who's reliable but not creative. Knowing what people are like also allows us to decide what responsibilities to give them and to weigh our decisions based on people's merits. We call it their believability.feedback

Sep 06 2017

It has a list of a few dozen attributes, so whenever somebody thinks something about another person's thinking, it's easy for them to convey their assessment; they simply note the attribute and provide a rating from one to 10. For example, as the meeting [on Trump's impact on the economy] began, a researcher named Jen rated me a three–in other words, badly–for not showing a good balance of open-mindedness and assertiveness.feedback

Sep 06 2017

Note that everyone gets to express their thinking, including their critical thinking, regardless of their position in the company. Jen, who's 24 years old and right out of college, can tell me, the CEO, that I'm approaching things terribly.feedback

Sep 06 2017

This process allows us to make decisions not based on democracy, not based on autocracy, but based on algorithms that take people's believability into consideration. Yup, we really do this.feedback

Sep 06 2017

Different people are always going to have different opinions. And who knows who's right? Some people thought I did well, others, poorly. With each of these views, we can explore the thinking behind the numbers.feedback

Sep 05 2017

I learned to be radically open minded to allow others to point out what I might be missing. While the logical part of people's brains could easily understand that knowing one's weaknesses is a good thing, the emotional part typically hates it.feedback

Sep 05 2017

Being so wrong – and especially so publicly wrong – was incredibly humbling and cost me just about everything.feedback

Sep 05 2017

I ran the numbers and realized that I didn't have nearly enough money to take care of the people and causes that I wanted to help. I learned that even the richest people felt short of money they needed to do the things they wanted.feedback

Aug 29 2017

Prospective risks are now rising and do not appear appropriately priced in. Two confrontational, nationalistic, and militaristic leaders [are] playing chicken with each other, while the world is watching to see which one will be caught bluffing, or if there will be a hellacious war. We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit.feedback

Aug 22 2017 - Trump Presidency

While I see no important economic risks on the horizon, I am concerned about growing internal and external conflict leading to impaired government efficiency (e.g. inabilities to pass legislation and set policies) and other conflicts.feedback

Aug 21 2017 - Populism

It seems to me that we are now economically and socially divided and burdened in ways that are broadly analogous to 1937. During such times conflicts [both internal and external] increase, populism emerges, democracies are threatened and wars can occur. I can't say how bad this time around will get. I'm watching how conflict is being handled as a guide, and I'm not encouraged.feedback

Aug 21 2017

[D]emocracies are threatened when the principles that divide people are more strongly held than those that bind them and when divided people are more inclined to fight than work to resolve their differences. Conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation.feedback

Aug 21 2017

In other words, the majority of Americans appear to be strongly and intransigently in disagreement about our leadership and the direction of our country. They appear more inclined to fight for what they believe than to try to figure out how to get beyond their disagreements to work productively based on shared principles.feedback

Aug 15 2017

[I]f you don't have 5%-10% of your assets in gold as a hedge, we'd suggest that you relook at this.feedback

Aug 10 2017

[I]f you don't have 5-10% of your assets in gold as a hedge, we'd suggest that you relook at this.feedback

Aug 10 2017 - North Korea

When it comes to assessing political matters (especially global geopolitics like the North Korea matter), we are very humble. We know that we don't have a unique insight that we'd choose to bet on. We aim to stay liquid, stay diversified, and not be overly exposed to any particular economic outcomes.feedback

Jul 13 2017

This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do profit makers.feedback

Jul 07 2017

For the last nine years, central banks drove interest rates to nil and pumped money into the system creating favorable carries and abundant cash … That era is ending. When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing.feedback

Jul 06 2017 - LinkedIn

Recognizing that, our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves.feedback

Jul 06 2017 - LinkedIn

They had to fight hard to do it and have been more maligned than appreciated. We do see an increasingly intensifying 'Big Squeeze.feedback

Jun 05 2017 - Trump Presidency

I have to confess a personal bias that is opposite his–i.e., I'm inclined to optimize for the whole through cooperation in order to make the pie bigger, and then cooperatively and competitively divide up the pie.feedback

Jun 05 2017 - Trump Presidency

I believe that we are connected to our whole ecology, our whole world community, and our whole United States, such that it pays to be in symbiotic relationships with them–so, I'm concerned about his path. I am especially concerned about the consequences of his pursuing so much conflict.feedback

May 12 2017 - LinkedIn

Big picture, the near term looks good and the longer term looks scary. We fear that whatever the magnitude of the downturn that eventually comes, whenever it eventually comes, it will likely produce much greater social and political conflict than currently exists.feedback

Apr 29 2017

You don't have to tell people that their bald spot is growing or their baby is ugly. I'm just talking about the important things.feedback

Mar 23 2017 - Populism

It is one of those phenomena that comes along in a big way about once a lifetime – like pandemics, depressions, or wars.feedback

Mar 23 2017 - Populism

While we consider Donald Trump to be a populist, we have more questions than answers about him and are using these other cases to assess him against by seeing if he follows a more archetypical path or if he deviates from it significantly.feedback

Mar 07 2017

There has to be getting over the emotional reaction. There was a lie. The issue is, are all lies the same?feedback

Mar 07 2017

I'd like to talk about the ridiculous New York Times article. It was intentionally done incorrectly.feedback

Mar 07 2017

To me, if I don't let everybody see everything, it's the equivalent of creating spin.feedback

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