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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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
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More quotes by Ray Dalio
Treat your life like a game.
Ray Dalio
To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.
Ray Dalio
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
Ray Dalio
I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
Ray Dalio
Be wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray Dalio
Nature is a machine. The family is a machine. The life cycle is like a machine.
Ray Dalio
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
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
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.
Ray Dalio
The more you think you know, the more closed-minded you'll be.
Ray Dalio
I treasure the fact there's media freedom, but with that goes responsibility. I think that there should be a self-regulatory organization and that they should start to think about standards. Because I think a lot of people say, I don't know how to read what is true versus somebody else's interpretation.
Ray Dalio
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
When you're centered, your emotions are not hijacking you.
Ray Dalio
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.
Ray Dalio
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
Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.
Ray Dalio
I don't get caught up in the moment.
Ray Dalio
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.
Ray Dalio
I don't think there is such a thing as the perfect system.
Ray Dalio
Constantly probe the people who report to you, and encourage them to probe you.
Ray Dalio
