Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Like
Machines
Effects
Works
Cause
Saying
Economic
Machine
Causes
Relationships
Understand
Effect

More quotes by Ray Dalio

Image
I don't think there is such a thing as the perfect system.
Ray Dalio
Image
By and large, life will give you what you deserve and it doesn't give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.
Ray Dalio
Image
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.
Ray Dalio
Image
The media has the power to create an entrenched perception of reality that's incorrect.
Ray Dalio
Image
Treat your life like a game.
Ray Dalio
Image
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.
Ray Dalio
Image
I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
Ray Dalio
Image
People with good work habits have to-do lists that are reasonably prioritized, and they make themselves do what needs to be done. By contrast, people with poor work habits almost randomly react to the stuff that comes at them, or they can't bring themselves to do the things they need to do but don't like to do (or are unable to do).
Ray Dalio
Image
I don't get caught up in the moment.
Ray Dalio
Image
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.
Ray Dalio
Image
Don't worry about looking good - worry about achieving your goals.
Ray Dalio
Image
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
Ray Dalio
Image
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.
Ray Dalio
Image
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.
Ray Dalio
Image
Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
Ray Dalio
Image
There are two main drivers of asset class returns - inflation and growth.
Ray Dalio
Image
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
Image
There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people
Ray Dalio
Image
What matters most is that the people you work with share your values.
Ray Dalio
Image
Some people seek to understand, and some people seek to portray what they want to portray.
Ray Dalio