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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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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
People
Productions
Usually
Society
Money
Wanted
Look
Caused
Looks
Production
Make
Proportion

More quotes by Ray Dalio

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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.
Ray Dalio
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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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If you have the power to see things through somebody else's eyes, it's like going from black and white to color or two dimensions to three dimensions.
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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
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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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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To make money in the markets, you have to think independently and be humble.
Ray Dalio
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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.
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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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'm scared of people with power making the decision.
Ray Dalio
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When people get at each other's throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.
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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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray Dalio
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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
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The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
Ray Dalio
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Like the saying goes, don't believe everything you read.
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 notice a difference from the moment I meditate.
Ray Dalio
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Almost everything is like a machine.
Ray Dalio