Top 500 Ray Dalio Quotes (2024 Update)
Page 10 of 10

451. “Most people initially find this process very uncomfortable. While most appreciate it intellectually, they typically are challenged by it emotionally because it requires them to separate themselves from their ego’s attachment to being right and try to see what they have a hard time seeing.”

— Ray Dalio

452. “El trabajo y las relaciones significativos eran, y son, mis objetivos principales, y lo subordinaba todo a ellos. Ganar dinero era una consecuencia accidental de lo anterior.”

— Ray Dalio

453. “Enforce the logic of conversations. People’s emotions tend to heat up when there is disagreement. Remain calm and analytical at all times; it is more difficult to shut down a logical exchange than an emotional one. Remember too that emotions can shade how people see reality.”

— Ray Dalio

454. “Principles are like laws – you can’t break one simply because you and someone else agree to break it.”

— Ray Dalio

455. “People with proven track records in a certain area would get more believability, or decision-making weight, within that area. By recording these qualities in people’s Baseball Cards, others who’d never worked with them before could know what to expect from them.”

— Ray Dalio

456. “People who are one way on the inside and another way on the outside become conflicted and often lose touch with their own values. It’s difficult for them to be happy and almost impossible for them to be their best.”

— Ray Dalio

457. “So I learned to be radically open-minded to allow others to point out what I might be missing.”

— Ray Dalio

458. “Aristotle defined tragedy as a terrible outcome arising from a person’s fatal flaw – a flaw that, had it been fixed, instead would have led to a wonderful outcome.”

— Ray Dalio

459. “Hire someone better than you.”

— Ray Dalio

460. “Each person at Bridgewater should act like an owner, responsible for operating in this way and for holding others accountable to operate in this way.”

— Ray Dalio

461. “It can be any kind of long-term challenge that leads to personal improvement.”

— Ray Dalio

462. “You will either learn valuable lessons from your mistakes and press on, better equipped to succeed – or you won’t and you will fail.”

— Ray Dalio

463. “The need for phony praise needs to be unlearned.”

— Ray Dalio

464. “Understand how people came by their opinions.”

— Ray Dalio

465. “Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better.”

— Ray Dalio

466. “Remember that almost everything will take more time and cost more money than you expect.”

— Ray Dalio

467. “Most people have a tough time reflecting when they are in pain and they pay attention to other things when the pain passes, so they miss out on the reflections that provide the lessons.”

— Ray Dalio

468. “You shouldn’t be upset if you find out that you’re bad at something – you should be happy that you found out, because knowing that and dealing with it will improve your chances of getting what you want.”

— Ray Dalio

469. “As we move toward these goals, we encounter problems, make mistakes, and run up against our own personal weaknesses. We learn about ourselves and about reality and make new decisions. Over the course of our lives, we make millions and millions of decisions that are essentially bets, some large and some small. It pays to think about how we make them because they are what ultimately determine the quality of our lives.”

— Ray Dalio

470. “From very early on, whenever I took a position in the markets, I wrote down the criteria I used to make my decision. Then, when I closed out a trade, I could reflect on how well these criteria had worked.”

— Ray Dalio

471. “Unattainable goals appeal to heroes”, he once told me. “Capable people are those who sit there worrying about the future. the unwise are those who worry about nothing. If conflicts got resolved before they became acute, there wouldn’t be any heroes.”

— Ray Dalio

472. “It is a fundamental law of nature that in order to gain strength one has to push one’s limits, which is painful.”

— Ray Dalio

473. “Keep in mind both the rates of change and the levels of things, and the relationships between them.”

— Ray Dalio

474. “My point is that people who create great things aren’t idle dreamers: They are totally grounded in reality. Being hyperrealistic will help you choose your dreams wisely and then achieve them. I have found the following to be almost always true:.”

— Ray Dalio

475. “As a result, I tended to hire people who were the same way – who would dive right into challenges, figure out what to do about them, and then do it. I figured that if they had great character, common sense, and creativity, and were driven to achieve our shared mission, they would discover what it took to be successful if I gave them the freedom to figure out how to make the right decisions.”

— Ray Dalio

476. “The Spiritual Brain.”

— Ray Dalio

477. “Teach and reinforce the merits of mistake-based learning. To encourage people to bring their mistakes into the open and analyze them objectively, managers need to foster a culture that makes this normal and that penalizes suppressing or covering up mistakes.”

— Ray Dalio

478. “You need to develop a fierce intolerance of badness of any kind, regardless of its severity.”

— Ray Dalio

479. “You don’t achieve happiness by getting rid of your problems – you achieve it by learning from them.”

— Ray Dalio

480. “But I keep that pain in perspective, knowing that I will get through these setbacks and that most of my learning will come from reflecting on them.”

— Ray Dalio

481. “It’s senseless to have making money as your goal as money has no intrinsic value – its value comes from what it can buy, and it can’t buy everything. It’s.”

— Ray Dalio

482. “My ultimate goal is to create a machine that works so well that I can just sit back and watch beauty happen.”

— Ray Dalio

483. “Recognize that performance in school doesn’t tell you much about whether a person has the values and abilities you are looking for. Largely because they are the easiest to measure, memory and processing speed tend to be the abilities that determine success in school, so school performance is an excellent gauge of these qualities.”

— Ray Dalio

484. “Recognize that experience creates internalized learning that book learning can’t replace.”

— Ray Dalio

485. “I used to think that memory-based, conscious learning was the most powerful, but I’ve since come to understand that it produces.”

— Ray Dalio

486. “I attribute as much of my success to what I’ve learned about the brain as I do to my understanding of economics and investing.”

— Ray Dalio

487. “I have seen people who agree on the major issues waste hours arguing over details.”

— Ray Dalio

488. “I myself find the excitement, lower risk, and educational value of achieving a deep understanding of cause-effect relationships much more appealing than a reliance on algorithms I don’t understand, so I am drawn to that path.”

— Ray Dalio

489. “Go to the pain rather than avoid it. If you don’t let up on yourself and instead become comfortable always operating with some level of pain, you will evolve at a faster pace.”

— Ray Dalio

490. “Embrace tough love. In my own life, what I want to give to people, most importantly to people I love, is the power to deal with reality to get what they want. In pursuit of my goal to give them strength, I will often deny them what they “want” because that will give them.”

— Ray Dalio

491. “Synthesis is the process of converting a lot of data into an accurate picture.”

— Ray Dalio

492. “It is now generically called “risk parity” investing.”

— Ray Dalio

493. “One of the most important decisions you can make is who you ask questions of. Make.”

— Ray Dalio

494. “Communicate the plan clearly and have clear metrics conveying whether you are progressing according to it.”

— Ray Dalio

495. “Software developers, mathematicians, and game-theory modelers aren’t running away with all the rewards; it is the people who have the most common sense, imagination, and determination.”

— Ray Dalio

496. “The unwise are those who worry about nothing.”

— Ray Dalio

497. “Be imprecise. Understand the concept of “by-and-large” and use approximations.”

— Ray Dalio

498. “Whatever success I’ve had is because of the principles I followed and not because of anything unique about me, so anyone following these principles can expect to produce broadly similar results.”

— Ray Dalio

499. “After seeing how much more effective it is to face the painful realities that are caused by your problems, mistakes, and weaknesses, I believe you won’t want to operate any other way. It’s just a matter of getting in the habit of doing it.”

— Ray Dalio

500. “Have the clearest possible reporting lines and delineations of responsibilities.”

— Ray Dalio