The top 10 most inspiring quotes by Ray Dalio
- I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
- 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.
- There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
- 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.
- 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.
- When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.
- Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.
- The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
- 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.
- 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 is an American billionaire investor, hedge fund manager, and philanthropist, best known as the founder of Bridgewater Associates, one of the world’s largest and most successful hedge funds.
Born on August 8, 1949, in New York City, Dalio began his career on the floor of the New York Stock Exchange before earning an MBA from Harvard Business School. In 1975, he founded Bridgewater Associates, which grew to manage over $150 billion in assets under his leadership.
Dalio is recognized for his unique management principles, which emphasize radical transparency and meritocracy. These ideas were outlined in his best-selling book, Principles: Life & Work. Over the years, Dalio has become a prominent thought leader on global economic issues, sharing his insights on economic cycles and debt crises.
A dedicated philanthropist, Dalio has pledged significant portions of his wealth to causes such as education, healthcare, and environmental sustainability through his Dalio Foundation.
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