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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.

Ray Dalio

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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Rate
Lump
Flow
Lumps
Interest
Investor
Future
Payment
Comes
Rates
Investors
Cash
Putting

More quotes by Ray Dalio

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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.
Ray Dalio
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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
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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.
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To make money in the markets, you have to think independently and be humble.
Ray Dalio
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Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.
Ray Dalio
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Almost everything is like a machine.
Ray Dalio
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Don't worry about looking good - worry about achieving your goals.
Ray Dalio
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Some people seek to understand, and some people seek to portray what they want to portray.
Ray Dalio
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As Harvard developmental psychologist Robert Kegan, who has studied Bridgewater, says, in most work places everyone is working two jobs. The first is whatever their actual job is the second consists of managing others' impressions of them, especially by hiding weaknesses and inadequacies - which is an enormous waste of energy.
Ray Dalio
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I notice a difference from the moment I meditate.
Ray Dalio
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When you're centered, your emotions are not hijacking you.
Ray Dalio
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Treat your life like a game.
Ray Dalio
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
Ray Dalio
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray Dalio
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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
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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.
Ray Dalio
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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
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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.
Ray Dalio
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Since the only way you are going to find solutions to painful problems is by thinking deeply about them - i.e., reflecting - if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.
Ray Dalio
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I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.
Ray Dalio