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I don't think there is such a thing as the perfect system.

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
System
Perfect
Thing
Think
Thinking

More quotes by Ray Dalio

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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.
Ray Dalio
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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
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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.
Ray Dalio
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There are two main drivers of asset class returns - inflation and growth.
Ray Dalio
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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.
Ray Dalio
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An economy is not a complicated thing it just has a lot of moving parts.
Ray Dalio
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I don't get caught up in the moment.
Ray Dalio
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Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected two: they're the first and most essential part of the learning process and three: feeling bad about them will prevent you from getting better.
Ray Dalio
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The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
Ray Dalio
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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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Some people seek to understand, and some people seek to portray what they want to portray.
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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As Harvard developmental psychologist Robert Kegan, who has studied Bridgewater, says, in most work places everyone is working two jobs. The first is whatever their actual job is the second consists of managing others' impressions of them, especially by hiding weaknesses and inadequacies - which is an enormous waste of energy.
Ray Dalio
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Almost everything is like a machine.
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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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
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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
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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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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