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Almost everything is like a machine.
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
Machine
Machines
Almost
Everything
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More quotes by Ray Dalio
The world is still in deleveraging.
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When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bonds go up.
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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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Nature is a machine. The family is a machine. The life cycle is like a machine.
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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?
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I don't get caught up in the moment.
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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.
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I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility.
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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 the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.
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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.
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Like the saying goes, don't believe everything you read.
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An economy is not a complicated thing it just has a lot of moving parts.
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I don't think there is such a thing as the perfect system.
Ray Dalio
The more you think you know, the more closed-minded you'll be.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
Ray Dalio
I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
Ray Dalio
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.
Ray Dalio
Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected two: they're the first and most essential part of the learning process and three: feeling bad about them will prevent you from getting better.
Ray Dalio