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I think it is in the nature of individuals and individual entities not to self-correct.

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
Self
Think
Thinking
Entities
Entity
Correct
Individuals
Individual
Nature

More quotes by 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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people
Ray Dalio
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I'm scared of people with power making the decision.
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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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 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.
Ray Dalio
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What matters most is that the people you work with share your values.
Ray Dalio
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When there is pain, the animal instinct is 'fight or flight' (i.e., to either strike back or run away) - reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.
Ray Dalio
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Treat your life like a game.
Ray Dalio
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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
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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.
Ray Dalio
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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?
Ray Dalio
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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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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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Forget about what the technology is. Just understand the motivation behind it.
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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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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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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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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