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The media has the power to create an entrenched perception of reality that's incorrect.

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
Create
Reality
Power
Entrenched
Incorrect
Perception
Media

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Nature is a machine. The family is a machine. The life cycle is like a machine.
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I think it is in the nature of individuals and individual entities not to self-correct.
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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.
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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.
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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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I don't get caught up in the moment.
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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?
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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.
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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'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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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.
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Forget about what the technology is. Just understand the motivation behind it.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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He who lives by the crystal ball will eat shattered glass.
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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.
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The world is still in deleveraging.
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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.
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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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Constantly probe the people who report to you, and encourage them to probe you.
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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.
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