Most Institutional Investor Ray Dalio Quotes

Find top quotes collection by one of the famous influential person in the world Ray Dalio.

Ray Dalio Quotes on Life / School

  • Nature is a machine. The family is a machine. The life cycle is like a machine.
  • Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
  • Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
  • For me, the best things in life – meaningful work, meaningful relationships, interesting experiences, good food, sleep, music, ideas, sex, and other basic needs and pleasures – are not, past a certain point, materially improved upon by having a lot of money.
  • 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.
  • The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
  • 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 Quotes on Money

  • To make money in the markets, you have to think independently and be humble.
  • 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.
  • 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.
  • There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
  • 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 Quotes on Success

  • Successful people ask for the criticism of others and consider its merit.
  • To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
  • We wouldn’t be successful if we didn’t have independent thinkers who can argue and then resolve their arguments.
  • 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.
  • When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful
  • I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.
  • I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.

Ray Dalio Quotes on Meditation

  • I notice a difference from the moment I meditate.
  • Meditation, more than any other factor, has been the reason for what success I’ve had.
  • I think meditation has been the single biggest reason for whatever success Ive had
  • Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
  • 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 Quotes on Economy

  • The economy is like a machine.
  • If you don’t own Gold, you know neither history nor economics.
  • An economy is not a complicated thing; it just has a lot of moving parts.
  • I’m just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
  • Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.

Ray Dalio Motivational Quotes

  • 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
  • Be wary of the arrogant intellectual who comments from the stands without having played on the field.
  • I think if you look at the statistics and you deal with fake media – and fake media and distorted media is a continuum – the vast majority of the population says, “I don’t know what to believe.” There are no checks and balances in quality control.
  • Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
  • Some people seek to understand, and some people seek to portray what they want to portray.
  • There is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
  • Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors
  • Don’t worry about looking good – worry about achieving your goals.
  • Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
  • I’m scared of people with power making the decision.
  • I’m scared of one man, one vote because it suggests that everybody has an equal ability at making decisions, and I think that’s dangerous.
  • I learned that everyone makes mistakes and has weaknesses and that one of the most important things that differentiates people is their approach to handling them. I learned that there is an incredible beauty to mistakes, because embedded in each mistake is a puzzle, and a gem that I could get if I solved it, i.e. a principle that I could use to reduce my mistakes in the future.
  • When you’re centered, your emotions are not hijacking you.
  • In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater.
  • When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.

Ray Dalio Inspirational Quotes

  • He who lives by the crystal ball will eat shattered glass.
  • Some people have subject matter expertise in one thing. Some people tend to be creative but not reliable, and others are reliable but not creative. Everybody has different dimensions.
  • People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.
  • Each person assesses each other person’s credibility on different dimensions, because people are strong and weak in different things.
  • 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.
  • Everyone has to decide for themselves what works for them and their organization.
  • People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
  • What matters most is that the people you work with share your values.
  • I’d like to be clear that a number of people find me intolerable, and they don’t hesitate to say so – which they and I cherish.
  • The more you think you know, the more closed-minded you’ll be.
  • If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
  • I believe that understanding what is good is obtained by looking at the way the world works and figuring out how to operate in harmony with it to help it evolve.
  • Know what your people are like, and make sure they do their jobs excellently.
  • I pay about a third in taxes, I give away about a third, and I follow the law.
  • When people get at each other’s throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.
  • That’s what I mean by radical truth. I mean accepting reality.
  • 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.
  • I don’t get caught up in the moment.
  • There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
  • You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
  • I think the industry can probably self-correct without regulation, but I don’t believe an individual outlet can regulate itself.
  • I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
  • I think it is in the nature of individuals and individual entities not to self-correct.
  • Watch out for people who think it’s embarrassing not to know.
  • There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people
  • Constantly probe the people who report to you, and encourage them to probe you.

Ray Dalio Famous Quotes

  • I think the media argues all the time with itself.
  • Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.
  • The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
  • I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
  • 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.
  • It’s more important to do big things well than to do small things perfectly.
  • Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
  • I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
  • When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.
  • We don’t have ways of resolving the arguments in idea meritocratic way.
  • Forget about what the technology is. Just understand the motivation behind it.
  • Pull in your belt, spend less, and reduce debt.
  • To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.
  • I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
  • I have found that by looking at what is rewarded and punished, and why, universally – i.e., in nature as well as in humanity – I have been able to learn more about what is “good” and “bad” than by listening to most people’s views about good and bad.
  • When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
  • Treat your life like a game.
  • There are two main drivers of asset class returns – inflation and growth.
  • When there is pain, the animal instinct is ‘fight or flight’ (i.e., to either strike back or run away) – reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.
  • 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.
  • Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.
  • There are far more good answers “out there” than there are in you.
  • If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
  • The media has the power to create an entrenched perception of reality that’s incorrect.
  • If it didn’t happen in your life before, then you’re not paying attention you don’t think it’s possible. But almost all important events never happen in your life before.
  • Like the saying goes, don’t believe everything you read.
  • I think so many people are reactive… they see things in a short term way they’re right up against it.
  • 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.
  • Almost everything is like a machine.
  • I don’t think there is such a thing as the perfect system
  • 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.
  • The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
  • 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.
  • The world is still in deleveraging.