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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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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Many
Students
Instruction
Real
Unless
Prepare
Life
Opinion
Investing
Lives
Fail
People
Doesn
Following
Others
Spent
Instructions
School
Succeed
Typically
Young
Failing
Pleasing

More quotes by Ray Dalio

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An economy is not a complicated thing it just has a lot of moving parts.
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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.
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What matters most is that the people you work with share your values.
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I don't think there is such a thing as the perfect system.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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The more you think you know, the more closed-minded you'll be.
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One of the greatest sources of problems in our society arises from people having loads of wrong theories in their heads - often theories that are critical of others - that they won't test by speaking to the relevant people about them. Instead, they talk behind people's backs, which leads to pervasive misinformation.
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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
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A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
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There are two main drivers of asset class returns - inflation and growth.
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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.
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The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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Nature is a machine. The family is a machine. The life cycle is like a machine.
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The world is still in deleveraging.
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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.
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I think it is in the nature of individuals and individual entities not to self-correct.
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When you're centered, your emotions are not hijacking you.
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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
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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.
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