110+ Ray Dalio Quotes On Investing, Failure And Gold

Top 10 Ray Dalio Quotes (BEST)

  1. More than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively
  2. Be wary of the arrogant intellectual who comments from the stands without having played on the field.
  3. To be successful, we need everyone to think independently and work through disagreement to decide what's best.
  4. The more you think you know, the more closed-minded you'll be.
  5. 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.
  6. Don't worry about looking good - worry about achieving your goals.
  7. I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
  8. To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.
  9. Successful people ask for the criticism of others and consider its merit.
  10. When you're centered, your emotions are not hijacking you.

Ray Dalio Short Quotes

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  • An economy is not a complicated thing; it just has a lot of moving parts.
  • It's more important to do big things well than to do small things perfectly.
  • I don't get caught up in the moment.
  • Pull in your belt, spend less, and reduce debt.
  • I don't think there is such a thing as the perfect system.
  • Some people seek to understand, and some people seek to portray what they want to portray.
  • Like the saying goes, don't believe everything you read.
  • We don't have ways of resolving the arguments in idea meritocratic way.
  • The media has the power to create an entrenched perception of reality that's incorrect.
  • I'm scared of people with power making the decision.

Ray Dalio Quotes On Investing

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Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don't know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don't. — Ray Dalio

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

People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices. — Ray Dalio

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

If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don't face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it. — Ray Dalio

People who worry about looking good typically hide what they don't know and hide their weaknesses, so they never learn how to properly deal with them and these weaknesses remain impediments in the future. — Ray Dalio

There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people — Ray Dalio

I believe that for the most part, achieving success - whatever that is for you - is mostly a matter of personal choice and that, initially, making the right choices can be difficult. — Ray Dalio

When you think that it's too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful — Ray Dalio

I've learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective. — Ray Dalio

Ray Dalio Quotes On Life

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School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life. — Ray Dalio

For me, the best things in life - meaningful work, meaningful relationships, interesting experiences, good food, sleep, music, ideas, sex, and other basic needs and pleasures - are not, past a certain point, materially improved upon by having a lot of money. — Ray Dalio

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

You'll see that excuses like "That's not easy" are of no value and that it pays to "push through it" at a pace you can handle. Like getting physically fit, the most important thing is that you keep moving forward at whatever pace you choose, recognizing the consequences of your actions. — Ray Dalio

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. — Ray Dalio

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

I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it. — Ray Dalio

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

Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit). When you excel at it, you will find your ability to get what you want thrilling. — Ray Dalio

There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes. — Ray Dalio

Ray Dalio Quotes On People

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In the end, what matters most is that the people you work with share your values, so I've wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater. — Ray Dalio

Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams. — Ray Dalio

When I say I believe in radical truth and radical transparency, all I mean is we take things that ordinarily people would hide, and we put them on the table, particularly mistakes, problems, and weaknesses. We put those on the table, and we look at them together. We don't hide them. — Ray Dalio

Some people have subject matter expertise in one thing. Some people tend to be creative but not reliable, and others are reliable but not creative. Everybody has different dimensions. — Ray Dalio

I think so many people are reactive... they see things in a short term way they're right up against it. — Ray Dalio

Constantly probe the people who report to you, and encourage them to probe you. — Ray Dalio

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

I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people. — Ray Dalio

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted. — Ray Dalio

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

Ray Dalio Quotes On Successful

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Meditation, more than any other factor, has been the reason for what success I've had. — Ray Dalio

Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress. — Ray Dalio

I think meditation has been the single biggest reason for whatever success Ive had — Ray Dalio

Meditation more than anything in my life was the biggest ingredient of whatever success I've had. — Ray Dalio

We wouldn't be successful if we didn't have independent thinkers who can argue and then resolve their arguments. — Ray Dalio

Ray Dalio Famous Quotes And Sayings

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A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. — Ray Dalio

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

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). — Ray Dalio

The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets. — Ray Dalio

For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow. — Ray Dalio

Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity. — Ray Dalio

Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors. — Ray Dalio

The big question is: When will the term structure of interest rates change? That's the question to be worried about. — Ray Dalio

Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can't stand it. — Ray Dalio

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

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

Never say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole. — Ray Dalio

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. — Ray Dalio

Life is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better at this game through practice. The game consists of a series of choices that have consequences. You can't stop the problems and choices from coming at you, so it's better to learn how to deal with them. — Ray Dalio

When two intelligent parties disagree, that's when the potential for learning and moving ahead begins. — Ray Dalio

You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold. — Ray Dalio

Ironically, people who suppress the mini-confrontations for fear of conflict tend to have huge conflicts later, which can lead to separation, precisely because they let minor problems fester. On the other hand, people who address the mini-conflicts head-on in order to straighten things out tend to have the great, long-lasting relationships. — Ray Dalio

I don't think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior. — Ray Dalio

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

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

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem. — Ray Dalio

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

I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself. — Ray Dalio

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

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

Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in. — Ray Dalio

When you're faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making. — Ray Dalio

I was about twenty and the Beatles were meditating and I heard about it and they had a center in New York and I came to the center and I learned about it. — Ray Dalio

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. — Ray Dalio

Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja - in a calm thoughtful way. When you're centered, your emotions are not hijacking you. — Ray Dalio

To make money in the markets, you have to think independently and be humble. — Ray Dalio

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

Nature is a machine. The family is a machine. The life cycle is like a machine. — Ray Dalio

I'm sure Donald Trump will think that he has the truth, and some journalist is arguing that he has truth, and somebody else is arguing that they have the truth. And in fact it's even worse than that because they're so hell bent on their arguments that they will distort the truth consciously. They'll manipulate the facts to support their arguments because they're so hung up in the fight. That's where the problem is, so we argue all the time. — Ray Dalio

I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments. — Ray Dalio

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. — Ray Dalio

Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning. — Ray Dalio

Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e.g., how people should contact each other in the event of crises) are generally better than highly specialized solutions (e.g., how each person should contact each other in the event of every conceivable crisis). — Ray Dalio

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

I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature's laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws. — Ray Dalio

Watch out for people who think it's embarrassing not to know. — Ray Dalio

The economy is like a machine. — Ray Dalio

The world is still in deleveraging. — Ray Dalio

Though how nature works is way beyond man's ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us. — Ray Dalio

I pay about a third in taxes, I give away about a third, and I follow the law. — Ray Dalio

There are far more good answers "out there" than there are in you. — Ray Dalio

The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable). — Ray Dalio

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

The best advice I can give you is to ask yourself what do you want, then ask 'what is true' - and then ask yourself 'what should be done about it.' I believe that if you do this you will move much faster towards what you want to get out of life than if you don't! — Ray Dalio

We don't know what truth is anymore. You or other media people can say there's no problem, but you're losing your credibility. There's distortion, and it's hurting our society. And as a result of that, there will be forces that, one way or another, are going to naturally bring that into equilibrium. — Ray Dalio

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

Know what your people are like, and make sure they do their jobs excellently. — Ray Dalio

I treasure the fact there's media freedom, but with that goes responsibility. I think that there should be a self-regulatory organization and that they should start to think about standards. Because I think a lot of people say, "I don't know how to read what is true versus somebody else's interpretation." — Ray Dalio

What matters most is that the people you work with share your values. — Ray Dalio

One of the things meditation gives you is creativity because creativity really comes from the subconscious brain - intuition, imagination - so it's not like you can go there and say, I'm going to go be creative now. Maybe you can, but the real way you get creativity is, you know, you're taking a hot shower and great ideas come to you from the subconscious. Essentially, meditation opens a pipeline between the conscious and the subconscious. — Ray Dalio

There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right. — Ray Dalio

You have to put yourself in my shoes as a person who believes in radical truth and in being radically transparent, not in seeing things through somebody else's eyes. — Ray Dalio

I believe that understanding what is good is obtained by looking at the way the world works and figuring out how to operate in harmony with it to help it evolve. — Ray Dalio

I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility. — Ray Dalio

I found that whenever I encountered a situation, rather than just reacting to it, it was tremendously useful to think carefully about how I should react to it and other situations like it. Besides providing me with more thoughtful responses in each of these cases, approaching things this way provided me and others with guidance on how to deal with similar situations when they came up in the future. — Ray Dalio

Life Lessons by Ray Dalio

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  1. Ray Dalio emphasizes the importance of having a clear and open communication style in order to foster collaboration and trust among team members.
  2. He also stresses the importance of having an open-minded approach to problem-solving and the willingness to learn from mistakes and failures.
  3. Finally, Dalio emphasizes the importance of creating a culture of radical transparency, where everyone is held accountable for their actions and decisions.

In Conclusion

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