Raymond Thomas Dalio, known only as Ray Dalio, is an investor of American origin, known for being co-director of Bridgewater Associates and for being a philanthropist who shares his knowledge about investment and the four parts that we must take into account when doing business in this world.
If you want to know more about this businessman’s way of thinking, this selection of the best phrases by Ray Dalio it will like you.
To learn more about the man who created his own investment method called ‘All Weather Portfolio’, we bring you a compilation of Ray Dalio’s best quotes.
1. If you are not failing, you are not exceeding your limits, and if you are not exceeding your limits, you are not maximizing your potential.
Fail to grow, the only way to see mistakes.
2. Having the basics, a good bed to sleep in, good relationships, good food, is the most important thing, and those things don’t get better when you have a lot of money or get worse when you have less.
What we know as having a home does not necessarily depend on an economic situation.
3. The quality of our lives depends on the quality of the decisions we make.
That’s why you never make decisions lightly, think about the things you will gain or lose.
4. I think nothing is true. I think the best we can hope for is that it’s highly probable.
Absolute truth does not exist, because everyone has a personal way of seeing the world.
5. Not being controlled by an emotion helps you see things at a higher level.
It’s not about not feeling, it’s about managing our emotions so they don’t blind us.
6. Time is like a river that takes us to encounters with reality that force us to make decisions.
Time flows and moves forward, as we grow we have to act in different ways.
7. I believe that understanding what is good comes from looking at the way the world works and figuring out how to operate in harmony with it to help it evolve.
We don’t need to hurt or be cruel to have the success we want.
8. Listening to uninformed people is worse than having no answers at all.
Don’t stick with what one person says, look for other opinions.
9. Tighten your belt, spend less and reduce debt.
Remember that your economy depends on the way you manage it.
10. I don’t get caught up in the moment.
Ray learned to stay calm and analyze, instead of acting impulsively.
11. School usually does not prepare young people for real life, unless they spend their lives following instructions and pleasing others. In my opinion, this is why so many students who succeed in school fail in life.
Being the best students is not synonymous with being excellent at what we want to do in life.
12. It is much more common for people to allow ego to get in the way of learning.
No one wants to own up to their failures or learn from their mistakes and that is what prevents them from growing.
13. It all comes down to interest rates. As an investor, all you are doing is making a lump sum payment for future cash flow.
In investments you always have to ensure the good results that will be had in the future.
14. The main reason I write daily observations is because I want to know where I am going wrong.
An excellent learning practice.
15. Don’t worry about looking good, worry about achieving your goals.
A good appearance is of no use if you don’t work to achieve your goals.
16. Don’t feel bad about your mistakes or those of others. Love they! Remember that: they are to be expected; two: they are the first and most essential part of the learning process; and three: feeling bad for them will prevent you from improving.
It is better to accept falls, so we can have a more positive view of what they can leave us with.
17. In general, life will give you what you deserve and doesn’t give a damn about what you like.
Sometimes we don’t get what we want, but we do get what we need most.
18. To make money in the markets, you must think independently and be humble.
Each investor has their unique working method.
19. The people you meet at the top are not necessarily more special than those at the bottom or in the middle.
Having more does not mean you are better.
20. Beware of the arrogant intellectual who comments from the stands without having played on the field.
Look for people who are specialists, not amateurs.
21. Unlike school, in life you don’t have to find all the right answers. You can ask people around you for help, or even ask them to do things you don’t do well.
There are no right or wrong answers, because everyone seeks their own path.
22. There is nothing to fear from the truth.
If you have nothing to hide, you should never fear what you do.
23. I learned that if you work hard and creatively, you can have almost anything you want, but not everything you want.
It is impossible to have everything, so it is necessary to learn to take life not so seriously.
24.Every time you are faced with something painful, you find yourself at a potentially important juncture in your life: you have the opportunity to choose a healthy and painful truth or an unhealthy but comfortable illusion.
Even if a lie is more tolerable, it will never remain stable.
25. The big question is: When will the term structure of interest rates change? That’s the question to worry about.
The challenge that most requires a greater focus on resolution.
26. In the end, what matters most is that the people you work with share your values, so I wanted people who value meaningful work and meaningful relationships that always motivated me to build Bridgewater.
A company moves forward with the help of people who work for the same goal.
27. I learned that we all make mistakes and have weaknesses and that one of the most important things that sets people apart is how they deal with it.
Progress depends on how we focus on solving our problems.
28. For every mistake you learn from, you will save thousands of similar mistakes in the future.
As long as we know how to see the lessons it leaves us, otherwise we will continue making the same mistake over and over again.
29. Look for people who have a lot of interesting questions. Smart people are the ones who ask the most thoughtful questions, rather than thinking they have all the answers.
They are people whose curiosity motivates them to continue learning and seek creative solutions.
30. Pain + Reflection = Progress.
Progress is not without losses and sacrifices.
31. Anyone you see succeeding is only succeeding at the things you are paying attention to. They are probably failing at many other things too.
Success is achieved when we focus on what we love to do, not on being perfect at everything.
32. Don’t blame anyone but yourself for bad results.
Assume the consequences of your actions, not only in triumphs, but in failures.
33. More than anything else, what separates people who live up to their potential from those who don’t is the willingness to look at themselves and others objectively.
When we are realistic, we are able to see ourselves with our flaws and strengths.
34. Because our education system is obsessed with precision, the art of being good at approximations is not valued enough. This prevents conceptual thinking.
A criticism of the rigid structure of schools that do not offer opportunities for growth.
35. I believe that the desire to evolve, that is, to be better, is probably the most pervasive driving force of humanity.
At all times we seek to have a better life.
36. The most important thing is that you develop your own principles and ideally write them down, especially if you are working with others.
Values that not only allow you to be firm about what you want, but also prevent you from deviating.
37. Success comes from knowing what you don’t know, rather than what you know.
Success is constant growth, not a fixed place.
38. Truth, more precisely, an accurate understanding of reality, is the essential basis for producing good results.
Act with honesty and good principles.
39. I think a lot of people are reactive…they see things in the short term and deal with it.
We seek to find a quick solution to any eventuality.
40. It is more important to do big things well than to do small things perfectly.
Perfection does not exist, instead it is preferable to work to find a balance.
41. If you don’t look at yourself and think, ‘Wow, how stupid I was a year ago,’ then you must not have learned much in the last year.
Not to punish you, but to observe what we need to progress on.
42. Idealists who are not well grounded in reality create problems, not progress.
This is because they are very easily disappointed by their high expectations.
43. Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance.
By having the opportunity to grow, we have greater motivation to be productive.
44. I also believe that everyone should think independently and make their own decisions about what makes the most sense.
No one can direct another person’s life.
45. I believe that, for the most part, achieving success, whatever that may be for you, is primarily a matter of personal choice and that initially making the right decisions can be difficult.
Each person has their own vision of what success is.
46. Don’t confuse what you wish were true with what is really true.
Life is not governed by what you want, it is a space for you to develop and find your way.
47. Decide what you really want in life by reconciling your goals and your desires.
Having realistic goals helps us find the tools we need to achieve them.
48. Heroes inevitably experience at least one major failure that tests whether they have the resilience to come back and fight smarter and with more determination.
Failures help us test our perseverance and self-confidence.
49. Great questions are a much better indicator of future success than great answers.
It is the questions that lead us to get opportunities.
50. If you treat mistakes as learning opportunities that produce rapid improvements, you should be excited about them. But if you treat them as bad things, you will make yourself and others miserable, and you will not grow.
It all depends on the way you see the failures in your life.
51. The more you think you know, the more closed-minded you will be.
An open mind is one that is not afraid to explore and recognize that it is necessary to continue growing.
52. He also feared boredom and mediocrity much more than failure.
Many people sink because they feel stuck.
53. Nature is a machine. The family is a machine. The life cycle is like a machine.
The way of seeing the world according to Dalio is like that of a machine.
54. Above all, I want you to think for yourself, to decide 1) what you want, 2) what is true, and 3) what to do about it.
May you be able to take the reins of your own life according to your tools and what you want to achieve.
55. Maturity is the ability to reject good alternatives to look for even better ones.
Sometimes it is necessary to give up something we are used to in order to have a better opportunity.
56. Being sincere is essential to being an independent thinker and gaining a greater understanding of what is right.
You can’t move forward if you’re not honest with what you want and what you need to work on.
57. Function as a meritocracy of ideas, not as a bureaucratic hierarchy.
Valuable advice on the way we should work.
58. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money.
In the world of finance you have to have a balance between being offensive and defensive.
59. Meditation, more than anything in my life, was the biggest ingredient in any success I ever had.
A practice that has become a lifestyle.
60. It’s up to you to take full responsibility for connecting what you want with what you need to do to get it, and then doing those things.
To get where you want, you need to create a good plan.
61. When you think it’s too hard, remember that, in the long run, doing the things that will make you successful is much easier than not being successful.
The beginning is always complicated, because it is a blind risk, but with the passage of time we see that it has been worth it.
62. Don’t be a perfectionist, because perfectionists often spend too much time on small differences in the margins at the expense of other big and important things. Be an effective imperfection.
A reflection on focusing on constantly progressing instead of seeking to be the only ones.
63. There are two main drivers of asset class returns: inflation and growth.
The two elements that affect investments.
64. Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.
It is what we do on a daily basis that takes us forward or what holds us back.
65. He who lives from the crystal ball will eat broken glass.
Holding on to your illusions will only bring you future disappointments.
66. Treat your life like a game.
Don’t waste it but don’t take it too seriously, be flexible.
67. I notice a difference from the moment I meditate.
Meditation is your space for revitalization.
68. If you can think for yourself while being open-minded in a clear way to find out what is best for you, and if you can summon the courage to do so, you will get the most out of your life.
It is impossible to improve if we do not have the openness to accept changes.
69. Remember not to be overconfident in your assessments, as you may be wrong.
You are never right about everything, or all the time.
70. We cannot stop our movement along this river and we cannot avoid such encounters. We can only approach them in the best way possible.
Life is not lived in a certain way, because it depends on each person.
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