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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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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Found
Punished
Nature
Investing
Able
Listening
Wells
Growth
Well
Views
Good
Humanity
Life
Looking
Universally
People
Learn
Rewarded

More quotes by Ray Dalio

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Everyone has to decide for themselves what works for them and their organization.
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Like the saying goes, don't believe everything you read.
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Treat your life like a game.
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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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The big question is: When will the term structure of interest rates change? That's the question to be worried about.
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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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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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).
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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 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.
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Some people seek to understand, and some people seek to portray what they want to portray.
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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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What matters most is that the people you work with share your values.
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Each person assesses each other person's credibility on different dimensions, because people are strong and weak in different things.
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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.
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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.
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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people
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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.
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The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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