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An economy is not a complicated thing it just has a lot of moving parts.

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
Complicated
Parts
Economy
Moving
Thing

More quotes by Ray Dalio

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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?
Ray Dalio
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There are two main drivers of asset class returns - inflation and growth.
Ray Dalio
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To make money in the markets, you have to think independently and be humble.
Ray Dalio
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
Ray Dalio
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I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.
Ray Dalio
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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.
Ray Dalio
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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.
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
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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.
Ray Dalio
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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.
Ray Dalio
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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.
Ray Dalio
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I don't get caught up in the moment.
Ray Dalio
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Know what your people are like, and make sure they do their jobs excellently.
Ray Dalio
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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people
Ray Dalio
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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.
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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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.
Ray Dalio
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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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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
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We don't know what truth is anymore. You or other media people can say there's no problem, but you're losing your credibility. There's distortion, and it's hurting our society. And as a result of that, there will be forces that, one way or another, are going to naturally bring that into equilibrium.
Ray Dalio