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750 Best Ray Dalio Quotes To Inspire Success (2023)

1. “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.”


2. “If you just keep doing, you will burn out and grind to a halt.”


3. “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.”


4. “All Weather Portfolio”


5. “Pull in your belt, spend less, and reduce debt.”


6. “passions (like ocean exploration and philanthropy) as”


7. “Having a good set of principles is like having a good collection of recipes for success.”


8. “When a line of reasoning is jumbled and confusing, it’s often because the speaker has gotten caught up in below-the-line details without connecting them back to the major points.”


9. “The biggest mistake investors make is believing 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.


10. “it’s obvious to me now that while one gets better at things over time, it doesn’t become any easier if one is also progressing to higher levels—the Olympic athlete finds his sport to be every bit as challenging as the novice does.”


11. “You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.”


12. “Recognize that while most people prefer compliments, accurate criticism is more valuable. You’ve heard the expression “no pain no gain.”


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


14. “The Hero with a Thousand Faces,”


15. “I learned a great fear of being wrong that shifted my mind-set from thinking “I’m right” to asking myself “How do I know I’m right?”


16. “Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.” Ray Dalio


17. “I came to see that people’s greatest weaknesses are the flip sides of their greatest strengths.”


18. “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.”


19. “managers who do not understand people’s different thinking styles cannot understand how the people working for them will handle different situations, which is like a foreman not understanding how his equipment will behave.”


20. “To me, the greatest success you can have as the person in charge is to orchestrate others to do things well without you. A”


21. “1.6 Understand nature’s practical lessons. a. Maximize your evolution. b. Remember “no pain, no gain.” c. It is a fundamental law of nature that in order to gain strength one has to push one’s limits, which is painful. 1.7 Pain + Reflection = Progress”


22. “If you don’t own gold, you know neither history nor economics.” Ray Dalio


23. “Mistakes will cause you pain, but you shouldn’t try to shield yourself or others from it. Pain is a message that something is wrong and it’s an effective teacher that one shouldn’t do that wrong thing again.”


24. “Build the organization around goals rather than tasks.”


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


26. “Don’t worry about looking good; worry about achieving your goal.” – Ray Dalio Quotes


27. “I have come to realize that bad times coupled with good reflections provide some of the best lessons, and not just about business but also about relationships.”


28. “Any damn fool can make it complex. It takes a genius to make it simple”


29. “Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”


30. “My approach was to hire, train, test, and then fire or promote quickly, so that we could rapidly identify the excellent hires and get rid of the ordinary ones, repeating the process again and again until the percentage of those who were truly great was high enough to meet our needs.” ― Ray Dalio


31. “Train, guardrail, or remove people; don’t rehabilitate them.”


32. “Lo más importante es lo que sucede una vez se ha fracasado. La gente de éxito cambia para seguir aprovechando sus virtudes a la vez que minimiza sus defectos;”


33. “Pay for the person, not for the job. See what people in comparable jobs with comparable experience and credentials do, add a small bonus on that, and build on bonuses or other incentives so they are motivated to take the cover off the ball. Never pay based on job title alone.


34. “At the same time, France’s president Charles de Gaulle was turning in his country’s dollars for gold because he was concerned the U.S. was printing money to finance its spending.”


35. “root causes manifest themselves over and over again in seemingly different situations.”


36. “It is far more common for people to allow ego to stand in the way of learning.”


37. “I came to see that people’s greatest weaknesses are the flip sides of their greatest strengths.” ― Ray Dalio


38. “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.”


39. “Making a handful of good uncorrelated bets that are balanced and leveraged well is the surest way of having a lot of upside without being exposed to unacceptable downside.” ― Ray Dalio


40. “Thoughtful disagreement is not a battle; its goal is not to convince the other party that he or she is wrong and you are right, but to find out what is true and what to do about it.” ― Ray Dalio


41. “Don’t let pain stand in the way of progress.”


42. “in order to treat people appropriately you must treat them differently.”


43. “If you can think for yourself while being open-minded in a clearheaded way to find out what is best for you to do, and if you can summon up the courage to do it, you will make the most of your life.”


44. “Keep in mind both the rates of change and the levels of things, and the relationships between them. When determining an acceptable rate of improvement for something, it is its level in relation to the rate of change that matters.”


45. “Because most people are more emotional than logical, they tend to overreact to short-term results; they give up and sell low when times are bad and buy too high when times are good.”


46. “Reflect and remind yourself that an accurate criticism is the most valuable feedback you can receive.”


47. “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.”


48. “While I used to get angry and frustrated at people because of the choices they made, I came to realize that they weren’t intentionally acting in a way that seemed counterproductive; they were just living out things as they saw them, based on how their brains worked.” ― Ray Dalio


49. “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.”


50. “Remember that weaknesses don’t matter if you find solutions.” ― Ray Dalio


51. “One has many more supposed friends when one is up than when one is down, because most people like to be with winners than shun losers. True friends are the opposite.”


52. “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.”


53. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.


54. “I believe one of the most valuable things you can do to improve your decision making is to think through your principles for making decisions, write them out in both words and computer algorithms, back-test them if possible, and use them on a real-time basis to run in parallel with your brain’s decision making.” ― Ray Dalio


55. “Every game has principles that successful players master to achieve winning results. So does life.” ― Ray Dalio


56. “risk parity” investing.”


57. “created a portfolio mix that I could comfortably put my trust money in for the next hundred or more years. I called it the “All Weather Portfolio” because it could perform well in all environments. Between 1996 and 2003 I was the only “client” investing in it because we didn’t sell it as a product.”


58. “Getting a lot of attention for being successful is a bad position to be in.”


59. “To be ‘good’ something must operate consistently with the laws of reality and contribute to the evolution of the whole; that is what is most rewarded.” ― Ray Dalio


60. “there are two broad approaches to decision making: evidence/logic-based (which comes from the higher- level brain) and subconscious/emotion-based (which comes from the lower-level animal brain).”


61. “It seems to me that life consists of three phases. In the first, we are dependent on others and we learn. In the second, others depend on us and we work. And in the third and last, when others no longer depend on us and we no longer have to work, we are free to savor life.”


62. “Leonard Mlodinow, in his excellent book Subliminal, writes, “We usually assume that what distinguishes us [from other species] is IQ. But it is our social IQ that ought to be the principal quality that differentiates us.”


63. “Remember that everyone has opinions and they are often bad. Opinions are easy to produce; everyone has plenty of them and most people are eager to share them—even to fight for them. Unfortunately many are worthless or even harmful, including a lot of your own.”


64. If you’re limiting yourself to what you experienced, you are going to be in trouble… I studied the Great Depression. I studied the Weimar Republic. I studied important events that didn’t happen to me.


65. Great expectations create great capabilities…


66. “Closed-minded people don’t want their ideas challenged.”


67. “If you can’t successfully do something, don’t think you can tell others how it should be done.”


68. “If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.” Ray Dalio


69. “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).”


70. “my belief that having an ability to figure things out is more important than having specific knowledge of how to do something.”


71. “Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2 . .”


72. “We diagnosed why in the same way an engineer would diagnose why a machine is operating suboptimally so it could be reengineered to perform better.”


73. “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.”


74. “Don’t worry about looking good—worry instead about achieving your goals.”


75. “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.”


76. “Don’t try to find solutions yet. Your focus in this step is strictly on listing the problems.”


77. “If you have uncorrelated assets, and you easily can because when the economic policies, when economic conditions shift it shifts returns from one type of asset to another kind of asset,” Dalio said.


78. “I didn’t like school, not just because it required a lot of memorization, but because I wasn’t interested in most of the things my teachers thought were important. I never understood what doing well in school would get me other than my mother’s approval.”


79. “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!”


80. “Dinheiro é um subproduto da excelência, não um objetivo. Nosso objetivo maior é a excelência e o aprimoramento constante. Em outras palavras, não é fazer uma montanha de dinheiro, embora não estejamos pressupondo que você deva ser feliz com pouco.”


81. “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.”


82. “As David Eagleman describes it in his wonderful book Incognito: Your brain is built of cells called neurons and glia—hundreds of billions of them. Each one of them is as c


83. “Just as our physical attributes determine the limits of what we are able to do physically—some people are tall and others are short, some muscular and others weak—our brains are innately different in ways that set the parameters of what we are able to do mentally.”


84. Learning is through questions, it’s not through being told.


85. “I’ve also learned that judging people before really seeing things through their eyes stands in the way of understanding their circumstances—and that isn’t smart.”


86. “The best way to make great decisions is to know how to triangulate with other, more knowledgeable people.”


87. “Successful people are those who can go above themselves to see things objectively and manage those things to shape change. f. Asking others who are strong in areas where you are weak to help you is a great skill that you should develop no matter what,”


88. “struggling gives one strength.”


89. “I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.” Ray Dalio


90. “It seems to me that life consists of three phases. In the first, we depend on others and we learn. In the second, others depend on us and we work. And in the third and last, when others no longer depend on us and we no longer have to work, we are free to savor life.


91. “The key is to fail, learn, and improve quickly. If you’re constantly learning and improving, your evolutionary process will be ascending. Do do it poorly, it will be descending. So I believe evolving is life’s greatest accomplishment and its greatest award.”


92. “Consider second- and third-order consequences, not just first-order ones”


93. “Don’t worry about looking good – worry about achieving your goals.” ― Ray Dalio


94. “Get over “blame” and “credit” and get on with “accurate” and “inaccurate.” Worrying about “blame” and “credit” or “positive” and “negative” feedback impedes the iterative process that is essential to learning. Remember that what has already happened lies in the past and no longer matters except as a lesson for the future.”


95. “believe that the key to success lies in knowing how to both strive for a lot and fail well.”


96. “Use daily updates as a tool for staying on top of what your people are doing and thinking. I ask each person who reports to me to take about ten to fifteen minutes to write a brief description of what they did that day, the issues pertaining to them, and their reflections”


97. “Anyone you see succeeding is only succeeding at things you’re paying attention to.” They’re probably “also failing at lots of other things.”


98. “I got a lot out of my bad times, not just because they gave me mistakes to learn from but also because they helped me find out who my real friends were—the friends who would be with me through thick and thin.”


99. “Put things in perspective by going back before going forward”


100. “If something went badly, you had to put it in the log, characterize its severity, and make clear who was responsible for it. If a mistake happened and you logged it, you were okay. If you didn’t log it, you would be in deep trouble.”


101. “Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like.”


102. “Don’t let fears of what others think of you stand in your way.”


103. We aren’t born with the ability to make good decisions; we learn it.


104. “The key is having the higher-level perspective to make fast and accurate judgments on what the real risks are without getting bogged down in details.”


105. “But I do know that having those jobs and having some money to handle independently in those early years taught me many valuable lessons I wouldn’t have learned in school or at play.”


106. “Don’t get distracted by shiny objects”


107. “To be principled means to consistently operate with principles that can be clearly explained.”


108. “Our brains work like computers: They input data and process it in accordance with their wiring and programming. Any opinion you have is made up of these two things: the data and your processing or reasoning”


109. “Never seize on the first available option, no matter how good it seems, before you’ve asked questions and explored. To prevent myself from falling into this trap, I used to literally ask myself questions: Am I learning? Have I learned enough yet that it’s time for deciding?”


110. Hedge funds and private-equity firms today are like the dot-coms in 2000: Ask for money and you'll get it. They bid up the prices of everything. The amount of money flowing is almost out of control, and it's making everything overvalued.


111. “Most fundamental work principle: Make your passion and your work one and the same and do it with people you want to be with.” Ray Dalio


112. “I believe that all organizations basically have two types of people: those who work to be part of a mission, and those who work for a paycheck.” ― Ray Dalio


113. “The most important thing is that you develop your own principles and ideally write them down, especially if you are working with others.” ― Ray Dalio


114. 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. At the same time, nature made the process of getting stronger require us to push our limits.


115. “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


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


117. “Recognize that having an effective idea meritocracy requires that you understand the merit of each person’s ideas.”


118. In order to make money in the market you have to be an independent thinker. And I think also creative, you have to be willing to make mistakes.


119. “To be “good” something must operate consistently with the laws of reality and contribute to the evolution of the whole; that is what is most rewarded.”


120. “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.”


121. “Every leader must decide between 1) getting rid of liked but incapable people to achieve their goals and 2) keeping the nice but incapable people and not achieving their goals. Whether or not you can make these hard decisions is the strongest determinant of your own success” ― Ray Dalio


122. “The process of man’s mind working with technology is what elevates us—”


123. “Never say anything about someone that you wouldn’t say to them directly and don’t try people without accusing them to their faces.” ― Ray Dalio


124. “Everyone has weaknesses. They are generally revealed in the patterns of mistakes they make.”


125. “Don’t have anything to do with closed-minded people. Being open-minded is much more important than being bright or smart.”


126. “If you work hard and creatively, you can have just about anything you want, but you can’t have everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”


127. “Listening to uninformed people is worse than having no answers at all.” ― Ray Dalio


128. “To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.” ― Ray Dalio


129. “Aprendí a temer, y mucho, mis posibles errores, y pasé de pensar «Tengo razón» a preguntarme «¿Cómo sé que tengo razón?».”


130. “River Out of Eden by the insightful Richard Dawkins,”


131. “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.”


132. “no tiene sentido ganar dinero porque este en sí mismo no tiene valor intrínseco; el valor se lo da lo que puedes comprar con él,”


133. Buying equities and taking on those risks in late 2009, or more likely 2010, will be a great move because equities will be much cheaper than now. It is going to be a buying opportunity of the century.


134. “Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance. So learning about your people’s weaknesses is just as valuable (for them and for you) as is learning their strengths.”


135. “I've stopped watching TV news. They couldn't pay me enough money.”


136. “I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learnings without failing badly enough to get knocked out of the game.”


137. “Timing is everything.”


138. “To help you stay centered and effective, pretend that your life is a martial art or a game, the object of which is to get around a challenge and reach a goal. Once you accept its rules, you’ll get used to the discomfort that comes with the constant frustration.”


139. “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.” Ray Dalio


140. “It's tough to be tough on people.”


141. “A proper goal is something that you really need to achieve. Desires are things that you want that can prevent you from reaching your goals.”


142. “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.”


143. “Don’t mistake opinions for facts.”


144. “I didn’t value experience as much as character, creativity, and common sense, which I suppose was related to my having started Bridgewater two years out of school myself, and my belief that having an ability to figure things out is more important than having specific knowledge of how to do something.”


145. “The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.”


146. Mistakes are the path to progress.


147. “There are two parts of each person’s brain: the upper-level logical part and the lower-level emotional part. I call these the “two yous.” They fight for control of each person. How that conflict is managed is the most important driver of our behaviors.”


148. “It’s important not to let our biases stand in the way of our objectivity. To get good results, we need to be analytical rather”


149. “It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.”


150. “Understand the differences between managing, micromanaging, and not managing.”


151. “Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.”


152. “Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.” ― Ray Dalio


153. “Use evaluation tools such as performance surveys, metrics, and formal reviews to document all aspects of a person’s performance.It’s”


154. “The challenges you face will test you and strengthen you. 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.


155. “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”


156. “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.”


157. “Being hyperrealistic will help you choose your dreams wisely and then achieve them.”


158. “Know what you don’t know. Be comfortable with understanding your mistakes and weaknesses.”


159. “the greatest success you can have as the person in charge is to orchestrate others to do things well”


160. If you can't print money, whether you are the state of Wisconsin or Spain, you are a debtor with one path: a decade of hell.


161. “It’s important not to let our biases stand in the way of our objectivity. To get good results, we need to be analytical rather than emotional.”


162. “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.”


163. “Above all else, I want you to think for yourself, to decide 1) what you want, 2) what is true and 3) what to do about it”


164. “There were only two big forces to worry about: growth and inflation.”


165. “So, for me, meaningful work and meaningful relationships were and still are my primary goals and everything I did was for them. Making money was an incidental consequence of that.”


166. “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.”


167. “Encounters like these have taught me that human greatness and terribleness are not correlated with wealth or other conventional measures of success. I’ve also learned that judging people before really seeing things through their eyes stands in the way of understanding their circumstances—and that isn’t smart.”


168. “If you don’t look on yourself and think, ‘Wow how stupid I was a year ago,’ then you must not have learned much in the last year.” Ray Dalio


169. “Having our systems running through these machines freed us to get above the daily movements of the markets and consider things from a higher level, where we could make novel, creative connections that produced innovations for our clients.”


170. “Descubrí que las mayores debilidades de uno son la cara opuesta de sus máximas virtudes.”


171. “you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”


172. “The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will learn what causes your pain and what you can do about it, and it will have an enormous impact on your effectiveness.” ― Ray Dalio


173. “Find the most believable people possible who disagree with you and try to understand their reasoning. Having open-minded conversations with believable people who disagree with you is the quickest way to get an education and to increase your probability of being right.” ― Ray Dalio


174. “You don’t want the people you work with to merely pay lip service”


175. “By and large, life will give you what you deserve.” Ray Dalio


176. “Until you make the unconscious conscious, it will direct your life and you will call it fate.”


177. “Truth - more precisely, an accurate understanding of reality - is the essential foundation for producing good outcomes.”


178. “There are far more good answers “out there” than there are in you.”


179. “Life is like a game in which you seek to overcome the obstacles that stand in the way of reaching your goals. Improvements in this game through practice. The game consists of a series of choices that have consequences. You can't stop problems and options from coming to you, so it's best to learn to deal with them.


180. “Realize that you are simultaneously everything and nothing - and decide what you want to be.”


181. “Kuo tapsite priklausys nuo jūsų požiūrio. Ko gyvenime pasieksite, priklauso nuo to, kaip viską vertinate, su kuo esate susijęs. Turėsite nuspręsti, ar kitų žmonių interesai jums svarbiau nei savo paties, o jei svarbiau- tai koks tų žmonių ratas.”


182. “I have come to realize that bad times coupled with good reflections provide some of the best lessons, and not just about business but also about relationships. One has many more supposed friends when one is up than when one is down, because most people like to be with winners and shun losers. True friends are the opposite.”


183. “Most fundamental work principle: Make your passion and your work one and the same and do it with people you want to be with.” ― Ray Dalio


184. “The key is to fail, learn, and improve quickly.”


185. “circumstances life brings you, you will be more likely to succeed and find happiness if you take responsibility for making your decisions well instead of complaining about things being beyond your control”


186. The biggest mistake in investing is believing the last three years is representative of what the next three years is going to be like.


187. “Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.” Ray Dalio


188. “Remember not to be overconfident in your assessments, as it’s possible you are wrong.”


189. “beneficial change begins when you can acknowledge and even embrace your weaknesses.” ― Ray Dalio


190. “Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.” ― Ray Dalio


191. “Treat your life like a game.” Ray Dalio


192. “If you want to have a community of people who have both high-quality, long-term relationships and a high sense of personal responsibility, you can’t allow a sense of entitlement to creep in.”


193. “Idealists who are not well grounded in reality create problems, not progress.”


194. “If you can stare at your problems, they almost always shrink or disappear, because you almost always find a better way to deal with them than if you don't deal with them. The more difficult the problem, the more important it is that you stare at it and face it.


195. “By looking at nature from the top down, we can see that much of what we call human nature is really animal nature.”


196. “Throughout our lives, we make millions and millions of decisions that are essentially gambling, some big and some small. How we do it is worth thinking about because they are what ultimately determine the quality of our lives.


197. “Knowing how people operate and being able to judge whether that way of operating will lead to good results is more important than knowing what they did.”


198. “Know what types of mistakes are acceptable and what types are unacceptable, and don’t allow the people who work for you to make the unacceptable ones.”


199. “People who run companies are faced with important choices every day. How they make those choices determines the character of the company, the quality of its relationships, and the outcomes it produces.”


200. “Remember that people who see things and think one way often have difficulty communicating with and relating to people who see things and think another way.”


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


202. “what’s happening in the world, and how that relates to thousands of years of history and the never-changing nature of mankind.”


203. “una meritocracia de ideas; no una autocracia en la que yo dirijo y los demás me siguen, ni una democracia en la que cada voto vale lo mismo, sino una meritocracia que estimule el desacuerdo reflexivo y explore y pondere las opiniones de cada uno en proporción a su mérito.”


204. “Seeing one of the richest and most accomplished men on the planet lose everything made a huge impression on me.”


205. “Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.” ― Ray Dalio


206. “I believe that all organizations basically have two types of people: those who work to be part of a mission, and those who work for a paycheck.”


207. “Weaknesses don’t matter if you find solutions to them.”


208. “Evaluate accurately, not kindly.”


209. “As much as I love and have benefited from artificial intelligence, I believe that only people can discover such things and then program computers to do them. That’s why I believe that the right people, working with each other and with computers, are the key to success.”


210. “Be imprecise. Understand the concept of “by-and-large” and use approximations. Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.”


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


212. “1+1=3. Two people who collaborate well will be about three times as effective as each of them operating independently.”


213. “Some people go through life collecting all kinds of observations and opinions like pocket lint, instead of just keeping what they need. They have ‘detail anxiety’, worrying about unimportant things.” Ray Dalio


214. “there are some universal rules for good decision making. They start with: 5.1 Recognize that 1) the biggest threat to good decision making is harmful emotions, and 2) decision making is a two-step process (first learning and then deciding).”


215. “What you're going to see is a slowing of the pace of the rise but still approaching over 5%, probably in the vicinity of 5.5%,” he added. “This will still have an effect on all markets, particularly stocks."


216. “in most companies people are doing two jobs: their actual job and the job of managing others’ impressions of how they’re doing their job.”


217. “Remember that a good plan should resemble a movie script.”


218. “1. Put our honest thoughts out on the table, 2. Have thoughtful disagreements in which people are willing to shift their opinions as they learn, and 3. Have agreed-upon ways of deciding (e.g., voting, having clear authorities) if disagreements remain so that we can move beyond them without resentments.”


219. The people who really change the world are the ones who see what’s possible and figure out how to make that happen.


220. “Remember that when it comes to assessing people, the two biggest mistakes you can make are being overconfident in your assessment and failing to get in sync on it.”


221. “The people who work for you should constantly challenge you. Don’t hire people just to fit the first job they will do; hire people you want to share your life with.” Ray Dalio


222. “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


223. “Inexperienced people can have great ideas too, sometimes far better ones than more experienced people”


224. “Be Radically Open-Minded”


225. “Remember that in great partnerships, consideration and generosity are more important than money.”


226. “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.”


227. “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


228. “Clearly, we needed to build a new governance system that would allow Bridgewater to retain its unique way of being and its uncompromising standards no matter who was in charge—and build it to be resilient enough to change the company’s management if that was required.”


229. “Idealists who are not well grounded in reality create problems, not progress.” Ray Dalio


230. 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.


231. Pain + Reflection = Progress


232. “In general, it’s more important to know how to diversify well than it is to know how to pick the best assets,” Dalio added.


233. “You must not let your need to be right be more important than your need to find out what’s true.” Ray Dalio


234. “Thoughtful disagreement is not a battle; its goal is not to convince the other party that he or she is wrong and you are right, but to find out what is true and what to do about it.”


235. “Listening to uninformed people is worse than having no answers at all.”


236. “Successful people ask for the criticism of others and consider its merit.”


237. “Almost everything is like a machine,” he told The New Yorker in 2011. “Nature is a machine. The family is a machine. The life cycle is like a machine.”


238. “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.”


239. “He rated Angela Merkel as the best leader in the West and considered Vladimir Putin one of the best leaders worldwide. He explained that leaders must be judged within the context of the circumstances they encounter and then went on to share his view of how difficult it is to lead Russia and why he thought Putin was doing it well.”


240. “If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”


241. “Idealists who are not well grounded in reality create problems, not progress.” ― Ray Dalio


242. “Embrace Reality and Deal with It”


243. The way I learn is to immerse myself in something, which prompts questions, which I answer, prompting more questions, until I reach a conclusion.


244. “An excellent skier is probably going to be a better ski coach than a novice skier. Believability applies to management too. The better your track record, the more value you can add as a coach.”


245. “There are several big forces driving what is happening now in ways that haven’t happened in our lifetime but happened many times in history,” Dalio said. “One is the big debt levels and debt increases that central banks have been supporting by buying a lot of debt with money they are printing.”


246. “Nėra nieko geriau negu siekti savo svajonių. Tai suteikia gyvenimui skonio.”


247. “Don’t pay as much attention to people’s conclusions as to the reasoning that led them to their conclusions.”


248. “Remember that the quality of the life you get will depend largely on the quality of the decisions that you make as you pursue your goals.”


249. “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.”


250. “Don’t confuse what you wish were true with what is really true.”


251. “I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.” ― Ray Dalio


252. “Recognize that having an effective idea meritocracy requires that you understand the merit of each person’s ideas.” ― Ray Dalio


253. “Don’t just pay attention to your job; pay attention to how your job will be done if you are no longer around.” ― Ray Dalio


254. “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.”


255. “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.”


256. “The most important thing is that you develop your own principles and ideally write them down, especially if you are working with others.”


257. “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.”


258. “When a problem occurs, conduct the discussion at two levels: 1) the machine level (why that outcome was produced) and 2) the case-at-hand level (what to do about it).”


259. “Put our honest thoughts out on the table, 2. Have thoughtful disagreements in which people are willing to shift their opinions as they learn, and 3. Have agreed-upon ways of deciding (e.g., voting, having clear authorities) if disagreements remain so that we can move beyond them without resentments.”


260. “Pay for the person, not the job. Look at what people in comparable jobs with comparable experience and credentials make, add some small premium over that, and build in bonuses or other incentives so they will be motivated to knock the cover off the ball. Never pay based on the job title alone.” ― Ray Dalio


261. “The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.” ― Ray Dalio


262. “Everything important in your life needs to be on a trajectory to be above the bar and headed toward excellent at an appropriate pace.”


263. “Great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.” Ray Dalio


264. “Liberal” had ceased to mean being in favor of progress and had come to mean “paying people not to work.”


265. “The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.”


266. “life has had more to do with my knowing how to deal with my not knowing than anything I know. The most important thing”


267. “If you are open-minded enough and determined, you can get virtually anything you want.”


268. “God helps those who help themselves.”


269. “Almost everything is like a machine.”


270. “Today is a very special day for me and Bridgewater Associates because I transitioned my control of Bridgewater to the next generation and I feel great about the people and ‘machine’ now in control. This transition moment is the culmination of a 47-year journey.”


271. “What was most important wasn't knowing the future—it was knowing how to react appropriately to the information available at each point in time.”


272. We are a unique group of good investors doing unique things.


273. “Don’t blame bad outcomes on anyone but yourself.”


274. “Typically, people’s conflicting beliefs or conflicting interests make them unable to see things through another’s eyes. That’s not good and it doesn’t make sense.”


275. “Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life.”


276. “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.”


277. “Being radically truthful and transparent with your colleagues and expecting your colleagues to be the same with you ensures that important issues are apparent instead of hidden. It also enforces good behavior and good thinking, because when you have to explain yourself, everyone can openly assess the merits of your logic.”


278. “Time is like a river that takes us to encounters with reality that force us to make decisions. We cannot stop our movement down this river and we cannot avoid those encounters. We can only get closer to them in the best possible way.


279. Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.


280. “The challenges you face will test and strengthen you," he wrote on Facebook in July 2018.


281. “You should be able to delegate the details”


282. “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.”


283. If you can’t successfully do something, don’t think you can tell others how it should be done.


284. “Never say anything about someone that you wouldn’t say to them directly and don’t try people without accusing them to their faces.”


285. “Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.” ― Ray Dalio


286. “Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people meet at the top aren’t necessarily more special than those who meet at the bottom or in between.”


287. “learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”


288. “From my starting Bridgewater w/ 2 people helping me in my 2-bedroom apartment to a multi-generation institution w/ 1,300 people that I’m helping. I can now visualize it doing great things for generations w/ out me. That’s as good as it gets.”


289. “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.”


290. “I’m just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.”


291. “Be wary of the arrogant intellectual who comments from the stands without having played on the field.”


292. The more creative I am, the less hard I have to work.


293. “If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential”


294. “Don’t worry about looking good – worry about achieving your goals.”


295. “you’re looking for the best answer, not simply the best answer that you can come up with yourself.”


296. “Distinguish between you as the designer of your machine and you as a worker with your machine.”


297. “From this perspective, we can see that perfection doesn’t exist; it is a goal that fuels a never-ending process of adaptation.”


298. “Look to nature to learn how reality works.”


299. “Don’t hire people just to fit the first job they will do; hire people you want to share your life with.”


300. “you choose to push through this often painful process of personal evolution, you will naturally “ascend” to higher and higher levels.”


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


302. “Having the basics, a good bed to sleep in, good relationships, good food – is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.” ― Ray Dalio


303. “Every leader must decide between getting rid of liked but incapable people to achieve their goals and keeping the nice but incapable people and not achieving their goals.


304. “start with the most important questions and imagine the metrics that will answer them. Remember that any single metric can mislead; you need enough evidence to establish patterns.”


305. “Closed-minded people are more likely to make statements than ask questions.”


306. All I cared about was having the freedom to do what I wanted to do.


307. “satisfaction of success doesn’t come from achieving your goals, but from struggling well.”


308. “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; three: feeling bad about them will prevent you from getting better.”


309. “Some people go through life collecting all kinds of observations and opinions like pocket lint, instead of just keeping what they need. They have ‘detail anxiety’, worrying about unimportant things.” ― Ray Dalio


310. “Avoid setting goals based on what you think you can achieve.”


311. “If you can’t successfully do something, don’t think you can tell others how it should be done” ― Ray Dalio


312. “Remember that people are built very differently and that different ways of seeing and thinking make people suitable for different jobs.”


313. “short-term interest rates above long-term rates (which was called “inverting the yield curve”). Every time that happened, inflation-hedged assets and the economy went down. But Bunker”


314. “There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.”


315. “pero lo importante ahora es recalcar que el cambio a mejor empieza cuando reconoces y llegas a aceptar tus puntos débiles.”


316. “Nature is a machine. The family is a machine. The life cycle is like a machine.”


317. “our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.”


318. “don’t work in dealing with them. I gave Wang a copy of Joseph Campbell’s great book The Hero with a Thousand Faces, because he is a classic hero”


319. “Don’t just pay attention to your job; pay attention to how your job will be done if you are no longer around.” Ray Dalio


320. “No matter what work you do, at a high level you are simply setting goals and building machines to help you achieve them. I built the machine that is Bridgewater by constantly comparing its actual outcomes to my mental map of the outcomes that it should be producing, and finding ways to improve it.”


321. “Think through which values, abilities, and skills you are looking for (in that order).”


322. “Any damn fool can make it complex. It takes a genius to make it simple” ― Ray Dalio


323. “the happiest people discover their own nature and match their life to it.”


324. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning.


325. “Go back before you go forward.”


326. “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.”


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


328. “If you don’t own Gold, you know neither history nor economics.”


329. “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”


330. “Adaptation through rapid trial and error is invaluable.”


331. “Treat your life like a game.”


332. “I pay about a third in taxes, I give away about a third, and I follow the law.”


333. “Focus on the “what is” before deciding “what to do about it.”


334. “Seek out the smartest people who disagreed with me so I could try to understand their reasoning. 2. Know when not to have an opinion. 3. Develop, test, and systemize timeless and universal principles. 4. Balance risks in ways that keep the big upside while reducing the downside.”


335. “Remember that people typically don’t change all that much.”


336. “Las relaciones significativas que nos proporciona la cooperación social nos hacen más felices, más sanos y productivos; esta es también parte esencial de un trabajo eficaz. Es una de las características definitorias del ser humano.”


337. “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


338. “Avoid fixating on irrelevant details.”


339. “so it’s always best to assume you’re missing something.”


340. “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.”


341. “by. The worst thing you can be is a phony, because if you’re a phony you will lose people’s trust and your own self-respect.”


342. Failure is by and large due to not accepting and successfully dealing with the realities of life… Achieving success is simply a matter of accepting and successfully dealing with all my realities.


343. “Above all else, I want you to think for yourself, to decide 1) What you want, 2) What is true and 3) What to do about it.” Ray Dalio


344. “My painful mistakes shifted me from having a perspective of “I know I’m right” to having one of “How do I know I’m right?”


345. “I believe that the ability to objectively self-assess, including one’s own weaknesses, is the most influential factor in whether a person succeeds, and that a healthy organization is one in which people compete not so much against each other as against the ways in which their lower-level selves get in the way.”


346. “Keep your strategic vision the same while making appropriate tactical changes as circumstances dictate.”


347. “Having expectations for people (including yourself) without knowing what they are like is a sure way to get in trouble.”


348. “Don’t put the expedient ahead of the strategic.”


349. “no matter what asset class one held, there would come a time when it would lose most of its value. This included cash, which is the worst investment over time because it loses value after adjusting for inflation and taxes.”


350. “Ao ganhar essa perspectiva, passei a vivenciar os momentos dolorosos de maneira radicalmente diferente. Em vez de me sentir frustrado ou arrasado, eu encarava a dor como um lembrete da natureza de que existe um aprendizado mais importante.”


351. “I believe that everything that happens comes about because of cause-effect relationships that repeat and evolve over time.”


352. Some people see details (trees), and others see big pictures (forests).


353. “This included cash, which is the worst investment over time because it loses value after adjusting for inflation and taxes. I”


354. “Nature is a machine. The family is a machine. The life cycle is like a machine.”


355. “Evolution is the single greatest force in the universe; it is the only thing that is permanent and it drives everything”


356. “History has shown that we shouldn’t rely on governments to protect us financially.”


357. Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.


358. “Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. They can be applied again and again in similar situations to help you achieve your goals.” ― Ray Dalio


359. “Distinguish between idle complaints and complaints meant to lead to improvement”


360. “Help people through the pain that comes with exploring their weaknesses. Emotions tend to heat up during most disagreements, especially when the subject is someone’s weaknesses. Speak in a calm, slow, and analytical manner to facilitate communication.”


361. “He who lives by the crystal ball is destined to eat ground glass”


362. “Treat your life like a game.” ― Ray Dalio


363. “the need to have meaningful work is connected to man’s innate desire to improve.”


364. “People who do this fail because they are stubbornly stuck in their own heads.”


365. “I think I did everything right,” he said. “I did well when others didn’t. I happen to earn one-fifth of the profits. I pay about a third in taxes, I give away about a third, and I follow the law. And if I’m doing something they think is incorrect, I’d like to know that.”


366. “Money is a byproduct of excellence, not a goal.”


367. “Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.”


368. “If you don’t look on yourself and think, ‘Wow how stupid I was a year ago,’ then you must not have learned much in the last year.” ― Ray Dalio


369. “Mediante el desacuerdo reflexivo, podría entender mejor su forma de pensar, y ellos pondrían a prueba la mía. Así, aumentan las posibilidades de todos de tener razón.”


370. “It’s tough to be tough on people.”


371. “c. Evolution is the single greatest force in the universe; it is the only thing that is permanent and it drives everything.”


372. “Great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”


373. “He who lives by the crystal ball will eat shattered glass.”


374. “I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”


375. “Even the richest people feel short of the money they need to do the things they want to do.”


376. “Be a hyperrealist.”


377. “I listened with amazement as he spoke. Instead of addressing the fundamental problems behind the pressure on the dollar, he continued to blame speculators, crafting his words to make it sound like he was moving to support the dollar while his actions were doing just the opposite.”


378. I believe that the biggest impediment to personal improvement is the ego reaction to making mistakes.


379. “Great people are hard to find so make sure you think about how to keep them.” ― Ray Dalio


380. “To me it all looked like a beautiful machine with logical cause-effect relationships. By understanding these relationships, I could come up with decision rules (or principles) I could model.”


381. “Successful organizations have cultures in which evidence-based decision making is the norm rather than the exception.”


382. I think anybody who is a great investor, a good investor, a successful investor has to be a person who can be both aggressive and defensive… You have to be able to bet. But you also have to have enough fear to have the caution. But you can’t let the fear control you.


383. “Strategic thinking requires both diagnosis and design.”


384. “The worst thing you can be is a phony, because if you’re a phony you will lose people’s trust”


385. “Find out who is responsible for whatever you are seeking to understand and then ask them. Listening to uninformed people is worse than having no answers at all.”


386. “Ya sea en tu vida privada o en la laboral, siempre es mejor que trabajes con los demás de manera que cada persona se complemente con otras para crear la mejor combinación de atributos para sus tareas.”


387. “Everything is a case study.”


388. “I’m attracted to export businesses in northern Mexico because their labor costs are now low relative to China’s, and they are benefiting from China being perceived as a dangerous place to produce in and from which to export to the U.S.,” Dalio noted.


389. “It is a common mistake to move in a nanosecond from identifying a tough problem to proposing a solution”


390. “Using principles is a way of both simplifying and improving your decision making. While it might seem obvious to you by now, it’s worth repeating that realizing that almost all “cases at hand” are just “another one of those,”


391. “Pay for the person, not the job. Look at what people in comparable jobs with comparable experience and credentials make, add some small premium over that, and build in bonuses or other incentives so they will be motivated to knock the cover off the ball. Never pay based on the job title alone.”


392. “Managers who do not understand people’s different thinking styles cannot understand how the people working for them will handle different situations.”


393. “When you’re centered, your emotions are not hijacking you.”


394. “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.”


395. “The most effective leaders work to 1) open-mindedly seek out the best answers and 2) bring others along as part of that discovery process.”


396. “My approach was to hire, train, test, and then fire or promote quickly, so that we could rapidly identify the excellent hires and get rid of the ordinary ones, repeating the process again and again until the percentage of those who were truly great was high enough to meet our needs.”


397. “Great cultures bring problems and disagreements to the surface and solve them well, and they love imagining and building great things that haven’t been built before.”


398. “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.”


399. “The people who work for you should constantly challenge you,”


400. “I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I’ll come out of it refreshed and centered and that’s how I’ll feel and it’ll carry through the day.”


401. “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.”


402. “Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice?”


403. “Every time you confront something painful, you are at a potentially important juncture in your life— you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”


404. “Understanding, accepting, and working with reality is both practical and beautiful. I have become so much of a hyperrealist that I’ve”


405. “Remember to reflect when you experience pain.”


406. “If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”


407. “Decide what you really want in life by reconciling your goals and your desires.”


408. “To visualize what I mean by “shaping” and “shapers,” think of Steve Jobs, who was probably the greatest and most iconic shaper of our time, as measured by the size and success of his shaping.”


409. “If you can develop a reflexive reaction to psychic pain that causes you to reflect on it rather than avoid it, it will lead to your rapid learning/evolving.”


410. “the mistake of spending virtually no time on designing because they are preoccupied with execution. Remember: Designing precedes doing!”


411. “I should add, though, that putting responsibility in the hands of inexperienced people doesn’t always work out so well. Some painful lessons that you’ll read about later taught me that it can be a mistake to undervalue experience.”


412. “Ultimately, to help people succeed you have to do two things: First let them see their failures so clearly that they are motivated to change them, and then show them how to either change what they are doing or rely on others who are strong where they are weak.”


413. “If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential” ― Ray Dalio


414. “You must not let your need to be right be more important than your need to find out what’s true.”


415. “Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.Believe it or not, your pain will fade and you will have many other opportunities ahead of you.” ― Ray Dalio


416. “Every time you confront something painful, you are at a potentially important juncture in your life – you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”


417. “Knowing that I could be painfully wrong and curiosity about why other smart people saw things differently prompted me to look at things through the eyes of others as well as my own. This allowed me to see many more dimensions than if I saw things just through my own eyes.”


418. “I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.”


419. “first principle: • Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2 . . . . . . and do that with humility and open-mindedness so that you consider the best thinking available to you.” ― Ray Dalio


420. “Jeff Bezos described it well when he said, “You have to have a willingness to repeatedly fail. If you don’t have a willingness to fail, you’re going to have to be very careful not to invent.”


421. “Most people fight seeing what's true when it's not what they want it to be. That's bad, because it is more important to understand and deal with the bad staff since the good staff will take care of itself.”


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


423. “lo habían despedido de Apple en 1985, Steve Jobs afirmó: «Fue una amarga medicina, pero creo que el paciente la necesitaba. En ocasiones la vida te golpea con un ladrillo en la cabeza. No perdáis la fe. Estoy convencido de que lo único que me permitió seguir fue que yo amaba lo que hacía».”


424. “Since life brings both ups and downs, struggling well doesn’t just make your ups better; it makes your downs less bad.”


425. “No man is a good judge in his own case.”


426. “Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.”


427. “Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.” ― Ray Dalio


428. “People with good work habits have to-do lists that are reasonably prioritized, and they do what needs to be done. In contrast, people with bad work habits react almost randomly to things that come their way, or they can't do the things they need to do because they don't like to do them (or can't do them). '


429. “Yet most people are like ants focused only on themselves and their own anthill; they believe the universe revolves around people and don’t pay attention to the universal laws that are true for all species.”


430. “If your objective is to be as good, as you can be, then you’re going to want criticism.” ― Ray Dalio


431. “Close-minded people have trouble holding two thoughts simultaneously in their minds. They allow their own view to crowd out those of others.


432. “nobody sees the full range of what they need to see in order to be exceptionally successful, though some see a wider range than others. Those that do best both see a wide range themselves while triangulating well with other brilliant people who see things in different, complementary ways.”


433. “It’s smarter to start with what you really want, which are your real goals, and then work back to what you need to attain them.”


434. “I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot.”


435. “first pitfall of bad decision making, which is to subconsciously make the decision first and then cherry-pick the data that supports it.”


436. “Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2 . . . . . . and do that with humility and open-mindedness so that you consider the best thinking available to you.”


437. “Almost nothing can stop you from succeeding if you have flexibility and self-accountability.” Ray Dalio


438. “Recognize that you don’t need to make judgments about everything”


439. “I now realize that nature optimizes for the whole, not for the individual, but most people judge good and bad based only on how it affects them.”


440. “Don’t assume that a person who has been successful elsewhere will be successful in the job you’re giving them. No”


441. “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.”


442. “If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.” ― Ray Dalio


443. “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.”


444. “I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”


445. “conflicts are essential for great relationships”


446. “The biggest mistake most people make is to not see themselves and others objectively, which leads them to bump into their own and others’ weaknesses again and again. People who do this fail because they are stubbornly stuck in their own heads.”


447. “Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less.”


448. “An economy is not a complicated thing; it just has a lot of moving parts.”


449. “Don’t let the little things divide you when your agreement on the big things should bind you.”


450. “Having nothing to hide relieves stress and builds trust.”


451. Take action and believe in yourself. Dreams do come true.


452. “My family, my extended family of co-workers, and my work have all been extremely important to me.”


453. “You could have all the money you’ve ever wanted, a successful career, and be in good physical health, but without loving relationships, you won’t be happy . . . The good life is built with good relationships.”


454. “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.”


455. “There are far more good answers "out there" than there are in you.”


456. “The most important thing I learned is an approach to life based on principles that helps me find out what’s true and what to do about it.”


457. “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.”


458. “believed strongly that we should bring problems and disagreements to the surface to learn what should be done to make things better.”


459. “Having greatly reduced its price risk, McDonald’s introduced the McNugget in 1983. I felt great about helping make that happen.”


460. “Tough love is effective for achieving both great work and great relationships.”


461. “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.”


462. “Making a handful of good uncorrelated bets that are balanced and leveraged well is the surest way of having a lot of upside without being exposed to unacceptable downside.”


463. “Typically, by doing what comes naturally to us, we fail to account for our weaknesses, which leads us to crash. What happens after we crash is most important. Successful people change in ways that allow them to continue to take advantage of their strengths while compensating for their weaknesses and unsuccessful people don’t.”


464. “Systemize your decision making.”


465. “Beware of statements that begin with 'I think that...'


466. Using leverage is like playing Russian roulette. It means that you are inevitably going to get a bullet in the head.


467. “I believe one of the most valuable things you can do to improve your decision making is to think through your principles for making decisions, write them out in both words and computer algorithms, back-test them if possible, and use them on a real-time basis to run in parallel with your brain’s decision making.” Ray Dalio


468. “Don’t just pay attention to your job; pay attention to how your job will be done if you are no longer around.”


469. “To make money in the markets, you have to think independently and be humble.”


470. “I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”


471. “Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. They can be applied again and again in similar situations to help you achieve your goals.”


472. “When faced with a choice between achieving their goal or pleasing (or not disappointing) others, they would choose achieving their goal every time.”


473. “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.”


474. “That said, I don’t want you to follow my (or anyone’s) principles blindly. I suggest that you think through all the principles available to you from different sources and put together a collection of your own that you can turn to whenever reality sends “another one of those” your way.”


475. “Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”


476. “I believe one of the most valuable things you can do to improve your decision making is to think through your principles for making decisions, write them out in both words and computer algorithms, back-test them if possible, and use them on a real-time basis to run in parallel with your brain’s decision making.”


477. “If you can be open with your weaknesses it will make you freer and will help you deal with them better. I urge you to not be embarrassed about your problems, recognizing that everyone has them.”


478. “I think that the first thing is you should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.” Ray Dalio


479. “Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance. So learning about your people’s weaknesses is just as valuable (for them and for you) as is learning their strengths.” Ray Dalio


480. “Mistakes are the path to progress.”


481. “When a problem occurs, conduct the discussion at two levels: 1) the machine level (why that outcome was produced) and 2) the case-at-hand level (what to do about it).” ― Ray Dalio


482. “Experience taught me how invaluable it is to reflect on and write down my decision-making criteria whenever I made a decision, so I got in the habit of doing that.” ― Ray Dalio


483. “Branda yra gebėjimas atsisakyti gerų galimybių tam, kad galėtum siekti dar geresnių.”


484. “Recognize that having an effective idea meritocracy requires that you understand the merit of each person’s ideas.” Ray Dalio


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


486. “Experience taught me how invaluable it is to reflect on and write down my decision-making criteria whenever I made a decision, so I got in the habit of doing that.”


487. “Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.”


488. “For most people, being part of a great community on a shared mission is even more rewarding than money. Numerous studies have shown there is little to no correlation between one’s happiness and the amount of money one accumulates, yet there is a strong correlation between one’s happiness and the quality of one’s relationships.”


489. “But a note of caution is in order too: When thoughts and instructions come to me from my subconscious, rather than acting on them immediately, I have gotten into the habit of examining them with my conscious, logical mind.”


490. “a. Dreams + Reality + Determination = A Successful Life. People who achieve success and drive progress deeply understand the cause-effect relationships that govern reality and have principles for using them to get what they want. The converse is also true: Idealists who are not well grounded in reality create problems, not progress.”


491. “Don’t get hung up on your views of how things “should” be because you will miss out on learning how they really are. It’s important not to let our biases stand in the way of our objectivity. To get good results, we need to be analytical rather than emotional.”


492. “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 Quotes


493. “As much as I love and have benefited from artificial intelligence, I believe that only people can discover such things and then program computers to do them. That's why I believe that the right people, working with each other and with computers, are the key to success.”


494. “Avoid staying too distant. You need to know your people extremely well, provide and receive regular feedback, and have quality discussions.”


495. “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.”


496. A client of mine said it's like there are 11,000 planes in the sky and only 100 good pilots - an accident is bound to happen. Just like the dotcom bust, the winners and losers will be sorted out but the technological advances won't stop.


497. I think ego stands in the way of a lot of people doing that. It’s like learning how to ski… The sting of the fall hurts for about a minute but that’s how you learn.


498. “Every leader must decide between 1) getting rid of liked but incapable people to achieve their goals and 2) keeping the nice but incapable people and not achieving their goals.”


499. “Comprendí claramente que la mejor manera de responder a esta pregunta pasa por encontrar a más pensadores independientes con misiones idénticas a la mía, que vean las cosas con una perspectiva distinta a la mía.”


500. “they experience the gap between what is and what could be as both a tragedy and a source of unending motivation.”


501. “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.”


502. “Every leader must decide between 1) getting rid of liked but incapable people to achieve their goals and 2) keeping the nice but incapable people and not achieving their goals. Whether or not you can make these hard decisions is the strongest determinant of your own success”


503. There is an incredible beauty to mistakes, because embedded in each mistake is a puzzle, and a gem that I could get if I solved it, ie., a principle that I could use to reduce my mistakes in the future.


504. “make sure that no single bet, or even multiple bets, could cause me to lose more than an acceptable amount.”


505. “For Campbell, a “hero” isn’t a perfect person who always gets things right. Far from it. A hero is someone who “found or achieved or [did] something beyond the normal range of achievement,” and who “has given his life to something bigger than himself or other than himself.”


506. “While it’s easier to avoid confrontations in the short run, the consequences of doing so can be massively destructive in the long term. It’s critical that conflicts actually get resolved—not through superficial compromise, but through seeking the important, accurate conclusions.”


507. “Heroes inevitably experience at least one very big failure that tests whether they have the resilience to come back and fight smarter and with more determination.”


508. “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.”


509. “Asking others who are strong in areas where you are weak to help you is a great skill that you should develop no matter what,”


510. “The courage that’s needed the most isn’t the kind that drives you to prevail over others, but the kind that allows you to be true to your truest self, no matter what other people want you to be.”


511. “Know where the line is and be on the far side of fair”


512. “While I used to get angry and frustrated at people because of the choices they made, I came to realize that they weren’t intentionally acting in a way that seemed counterproductive; they were just living out things as they saw them, based on how their brains worked.”


513. “Don’t mistake a cause of a problem with the real problem.”


514. “This evolutionary cycle is not just for people but for countries, companies, economies—for everything.”


515. “An organization is a community with a set of shared values and goals. Its morale and smooth functioning should always take precedence over your need to be right—and besides, you could be wrong.”


516. “uno debe ser un pensador independiente que apuesta en contra de la visión general, y esto implica equivocarse estrepitosamente bastantes veces.”


517. “When faced with the choice between two things you need that are seemingly at odds, go slowly to figure out how you can have as much of both as possible. There is almost always a good path that you just haven't figured out yet, so look for it until you find it rather than settle for the choice that is then apparent to you.”


518. “The challenges you face will test and strengthen you. If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”


519. “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.”


520. “What you will be will depend on the perspective you have.” ― Ray Dalio


521. “you need to weigh first-order consequences against second- and third-order consequences, and base your decisions not just on near-term results but on results over time.”


522. “Don’t lower the bar.”


523. The conventional wisdom has it that bonds are the most overbought and most dangerous asset class right now.


524. “Listening to uninformed people is worse than having no answers at all.” Ray Dalio


525. “For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”


526. “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.”


527. “The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will learn what causes your pain and what you can do about it, and it will have an enormous impact on your effectiveness.”


528. “No matter what you want out of life, your ability to adapt and move quickly and efficiently through the process of personal evolution will determine your success and your happiness.”


529. “Reality, in turn, will send you loud signals about how well your principles are working by rewarding or punishing you, so you will learn to fine-tune them accordingly.”


530. “Don’t let fears of what others think of you stand in your way. You must be willing to do things in the unique ways you think are best”


531. “Although I used to get angry and frustrated with people because of the decisions they made, I realized that they were not intentionally acting in a way that seemed counterproductive; They were just living things the way they saw them, based on how their brains worked.


532. “Find the most believable people possible who disagree with you and try to understand their reasoning. Having open-minded conversations with believable people who disagree with you is the quickest way to get an education and to increase your probability of being right.”


533. “There are two broad approaches to decision making: evidence/logic-based (which comes from the higher-level brain) and subconscious/emotion-based (which comes from the lower-level animal brain).” ― Ray Dalio


534. “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.”


535. “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.”


536. “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.”


537. Reality + Dreams + Determination = A Successful Life.


538. I try to limit my bets to the limited number of things I am confident in.


539. “You better make sense of what happened to other people in other times and other places because if you don’t you won’t know if these things can happen to you and, if they do, you won’t know how to deal with them.”


540. “Georgi Plekhanov’s classic On the Role of the Individual in History.”


541. “To be ‘good’ something must operate consistently with the laws of reality and contribute to the evolution of the whole; that is what is most rewarded.” Ray Dalio


542. “If you can think for yourself while being open-minded in a clearheaded way to find out what is best for you to do, and if you can summon up the courage to do it, you will make the most of your life.” ― Ray Dalio


543. “Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.”


544. “It’s more important to do big things well than to do the small things perfectly.”


545. “Having nothing to hide relieves stress and builds trust.” ― Ray Dalio


546. “When making rules, explain the principles behind them.”


547. “Aprendí que si uno trabaja con ahínco y creatividad, puede conseguir casi cualquier cosa que se proponga, pero no todo lo que desee. La madurez reside en la capacidad de rechazar buenas alternativas para perseguir otras aún mejores.”


548. “Use transparency to help enforce justice”


549. “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.”


550. “I believe one of the most valuable things you can do to improve your decision making is to think through your principles for making decisions”


551. “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.”


552. “My business has always been a way to get me into exotic places and allow me to meet interesting people. If I make any money from those trips, that’s just icing on the cake.”


553. There are always times when the world around you is doing things you don't want to participate in and, in fact, you want to bet against.


554. “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.” ― Ray Dalio


555. “Beware of statements that begin with “I think that . . .” Just because someone thinks something doesn’t mean it’s true.”


556. “If you find you can’t reconcile major differences—especially in values—consider whether the relationship is worth preserving.”


557. “I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.”


558. “in most companies people are doing two jobs: their actual job and the job of managing others’ impressions of how they’re doing their job.” ― Ray Dalio


559. “Don’t overweight first-order consequences relative to second- and third-order ones.”


560. “I believe that the key to success lies in knowing how to both strive for a lot and fail well.”


561. “It is more practical to be honest about one’s uncertainties, mistakes, and weaknesses than to pretend they don’t exist. It is also more important to have good challengers than good followers.”


562. “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.”


563. “I gradually learned that prices reflect people’s expectations, so they go up when actual results are better than expected and they go down when they are worse than expected.”


564. “Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.Believe it or not, your pain will fade and you will have many other opportunities ahead of you.” Ray Dalio


565. “To do it well, be sure to avoid the common perils of: 1) valuing your own believability more than is logical and 2) not distinguishing between who is more or less credible.”


566. “Observe the patterns of mistakes to see if they are products of weaknesses.”


567. “Above all else, I want you to think for yourself, to decide 1) what you want, 2) what is true and 3) what to do about it.”


568. “Be an imperfectionist. Perfectionists spend too much time on little differences at the margins at the expense of the important things.”


569. “Remember that weaknesses don’t matter if you find solutions.” Ray Dalio


570. “If you can’t successfully do something, don’t think you can tell others how it should be done.” Ray Dalio


571. “Build great metrics. Metrics show how the machine is working by providing numbers and setting off alert lights in a dashboard. Metrics are an objective means of assessment and they tend to have a favorable impact on productivity.”


572. “Knowing how to deal well with your setbacks is as important as knowing how to move forward.”


573. “Managers who do not understand people’s different thinking styles cannot understand how the people working for them will handle different situations.” ― Ray Dalio


574. “beneficial change begins when you can acknowledge and even embrace your weaknesses.”


575. “hire people who were the same way—who would dive right into challenges, figure out what to do about them, and then do it.”


576. “Understand that a great manager is essentially an organizational engineer.”


577. “Evolution is the single greatest force in the universe; it is the only thing that is permanent and it drives everything.”


578. “Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.” ― Ray Dalio


579. “Don’t worry about looking good; worry about achieving your goal.”


580. “Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.” ― Ray Dalio


581. “I also feared boredom and mediocrity much more than I feared failure.”


582. “Logic, reason, and common sense are your best tools for synthesizing reality and understanding what to do about it.”


583. “Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.”


584. “Slow down your thinking so you can note the criteria you are using to make your decision. 2. Write the criteria down as a principle. 3. Think about those criteria when you have an outcome to assess, and refine them before the next “one of those” comes along.”


585. “Some people go through life collecting all kinds of observations and opinions like pocket lint, instead of just keeping what they need. They have “detail anxiety,” worrying about unimportant things.”


586. “Evolve or die. This evolutionary cycle is not just for people but for countries, companies, economies—for everything. And it is naturally self-correcting as a whole, though not necessarily for its parts.”


587. “Forget about what the technology is. Just understand the motivation behind it.”


588. “managers who do not understand people’s different thinking styles cannot understand how the people working for them will handle different situations,”


589. “first principle: • Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2 . . . . . . and do that with humility and open-mindedness so that you consider the best thinking available to you.”


590. “A menudo, cuando hacemos lo que nos resulta más natural, obviamos nuestras debilidades, y eso nos conduce al fracaso.”


591. “Make sure those who are given radical transparency recognize their responsibilities to handle it well and to weigh things intelligently. People cannot be given the privilege of receiving information and then use the information to harm the company, so rules and procedures must be in place to ensure that doesn’t happen.”


592. “There is nothing to fear from truth. Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.”


593. “But people are happiest when they can be themselves. If you can be open with your weaknesses it will make you freer and will help you deal with them better.”


594. “when faced with the choice between two things you need that are seemingly at odds, go slowly to figure out how you can have as much of both as possible. There is almost always a good path that you just haven’t figured out yet, so look for it until you find it rather than settle for the choice that is then apparent to you.”


595. “Think of your teams the way that sports managers do: No one person possesses everything required to produce success, yet everyone must excel.”


596. “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.”


597. “Bob Kegan called Bridgewater “a form of proof that the quest for business excellence and the search for personal realization need not be mutually exclusive—and can, in fact, be essential to each other.”


598. “Making a handful of good uncorrelated bets that are balanced and leveraged well is the surest way of having a lot of upside without being exposed to unacceptable downside.” Ray Dalio


599. “Apple’s iconic “1984” and “Here’s to the Crazy Ones,” which were ad campaigns that spoke to me.”


600. “the satisfaction of success doesn’t come from achieving your goals, but from struggling well.”


601. “If you don’t own gold, you know neither history nor economics.” ― Ray Dalio


602. The consensus is often wrong… I have to be an independent thinker.


603. “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.”


604. “nature optimizes for the whole, not for the individual, but most people judge good and bad based only on how it affects them.”


605. “Remember that in great partnerships, consideration and generosity are more important than money.” ― Ray Dalio


606. “To be principled means to consistently operate with principles that can be clearly explained,” writes Ray Dalio, one of the world’s most successful investors and entrepreneurs.


607. “I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.” ― Ray Dalio


608. “Great people are hard to find so make sure you think about how to keep them.”


609. “Todo esto me dejó una lección indeleble grabada en la cabeza: la elección del momento justo lo es todo.”


610. “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.”


611. “The more you think you know, the more closed-minded you’ll be.”


612. “Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.”


613. “It’s more important to do big things well than to do the small things perfectly.” ― Ray Dalio


614. “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.”


615. “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.”


616. I saw how the government lied or certainly spun things in a certain way. I had all these philosophical questions, like – ‘Whom do you believe? What is actually truthfully going on?’ All of this pulled me into the global macro markets. The currency markets would be important to me for the rest of my life.


617. “The Lessons of History, a 104-page distillation of the major forces through history by Will and Ariel Durant,”


618. “no system of government, no economic system, no currency, and no empire lasts forever, yet almost everyone is surprised and ruined when they fail.”


619. The more you think you know, the more closed-minded you’ll be.


620. “Great people are hard to find so make sure you think about how to keep them.” Ray Dalio


621. “1+1=3. Two people who collaborate well will be about three times as effective as each of them operating independently,”


622. “Remember that weaknesses don’t matter if you find solutions.”


623. “The pursuit of dreams is what gives life its flavor.”


624. “Any damn fool can make it complex. It takes a genius to make it simple.”


625. “Unattainable goals appeal to heroes,” ― Ray Dalio


626. “Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.” Ray Dalio


627. “Find the most believable people possible who disagree with you and try to understand their reasoning.”


628. “It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.”


629. “What I wanted was to have an interesting, diverse life filled with lots of learning - and especially meaningful work and meaningful relationships. I feel that I have gotten these in abundance and I am happy.”


630. “Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.”


631. “Pain + Reflection = Progress”


632. “Most US corporations today are over-managed and under-led. They need to develop their capacity to exercise leadership.”


633. “Watch out for people who confuse goals and tasks, because if they can’t make that distinction, you can’t trust them with responsibilities.”


634. “In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”


635. “Unattainable goals appeal to heroes,”


636. “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.”


637. “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.”


638. “Create a Culture in Which It Is Okay to Make Mistakes and Unacceptable Not to Learn from Them”


639. “recent research has suggested that a wide variety of practices—from physical exercise to studying to meditation—can lead to physical and physiological changes in our brains that affect our abilities to think and form memories.”


640. “Focus more on making the pie bigger than on exactly how to slice it”


641. “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.”


642. “a healthy fear of being wrong and figured out an approach to decision making that would maximize my odds of being right.”


643. “Don’t worry about looking good – worry about achieving your goals.” Ray Dalio


644. “If you can’t successfully do something, don’t think you can tell others how it should be done”


645. “Almost nothing can stop you from succeeding if you have flexibility and self-accountability.” ― Ray Dalio


646. “Every game has principles that successful players master to achieve winning results. So does life.” Ray Dalio


647. “To be successful, we need everyone to think independently and work through disagreement to decide what’s best.”


648. “One thing that leaders should not do, in my opinion, is be manipulative.”


649. “I learned that if you work hard and creatively, you can have almost anything you want, but not everything you want. Maturity is the ability to reject good alternatives to pursue even better ones.


650. “Success comes from knowing what you don’t know, more than coming from what you do know.”


651. “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.”


652. “He had a casual, fun way about him the way musicians tend to,”


653. “While it may seem counterintuitive, clearing your head can be the best way to make progress.”


654. “no manager at any level can expect to succeed without the skill set of an organizational engineer.”


655. “The most meaningful relationships are achieved when you and others can speak openly to each other about everything that’s important, learn together, and understand the need to hold each other accountable to be as excellent as you can be.”


656. “Julius Caesar’s overthrow of the Roman Senate and Republic as an illustration of how important it is to make sure no one person is more powerful than the system.”


657. “Watch out for people who think it’s embarrassing not to know. They’re likely to be more concerned with appearances than actually achieving the goal; this can lead to ruin over time.”


658. “Recognize that 1) the biggest threat to good decision making is harmful emotions, and 2) decision making is a two-step process (first learning and then deciding).”


659. “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.”


660. “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.”


661. “I came to see that people’s greatest weaknesses are the flip sides of their greatest strengths.” Ray Dalio


662. “Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.”


663. “Believe it or not, your pain will fade and you will have many other opportunities ahead of you,”


664. “And for Heaven’s Sake, Don’t Overlook Governance!”


665. “Truth—or, more precisely, an accurate understanding of reality—is the essential foundation for any good outcome.”


666. “Treating all people equally is more likely to lead away from truth than toward it.”


667. “Perfectionists spend too much time on little differences at the margins at the expense of the important things.”


668. “Having the basics, a good bed to sleep in, good relationships, good food – is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.” Ray Dalio


669. “In trading you have to be defensive and aggressive at the same time.”


670. “If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.” Ray Dalio


671. “I’ve often thought that parents and schools overemphasize the value of having the right answers all the time. It seems to me that the best students in school tend to be the worst at learning from their mistakes, because they have been conditioned to associate mistakes with failure instead of opportunity.”


672. “I have tried to convey the approach that worked for me—an idea meritocracy in which meaningful work and meaningful relationships are the goals and radical truth and radical transparency are the ways of achieving them—so that you can decide what, if any of it, is of use to you.”


673. “it is more important to understand and deal with the bad stuff since the good stuff will take care of itself.”


674. “Weigh second- and third-order consequences.”


675. “a. Get over “blame” and “credit” and get on with “accurate” and “inaccurate.”


676. “Experience taught me how invaluable it is to reflect on and write down my decision-making criteria whenever I made a decision, so I got in the habit of doing that.” Ray Dalio


677. “I urge you to be curious enough to want to understand how the people who see things differently from you came to see them that way.”


678. “Clearly assign responsibilities. Eliminate any confusion about expectations and ensure that people view their failures to complete their tasks and achieve their goals as personal failures”


679. “I was an admirer of Steve,” Dalio said. “He was an independent thinker who came up with great and different ways of doing things that contributed a lot to what our world is like today. Wow! To be compared to Steve Jobs is an honor that I really don’t deserve, but I’m happy to get.”


680. “I Will Teach You To Be Rich” by Ramit Sethi Summary


681. “The most important thing is that you develop your own principles and ideally write them down, especially if you are working with others.” Ray Dalio


682. “Don’t put the expedient ahead of the strategic”


683. “have humility so you can get what you need from others!”


684. “Managers who do not understand people's different thinking styles cannot understand how the people working for them will handle different situations.”


685. “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.”


686. “Joseph Campbell’s great book The Hero with a Thousand Faces,”


687. “Getting the right people in the right roles in support of your goal is the key to succeeding at whatever you choose to accomplish.”


688. “It’s more important to do big things well than to do small things perfectly.”


689. “Believe it or not, your pain will fade and you will have many other opportunities ahead of you.”


690. “And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.”


691. “If you can recognize the differences between those roles and that it is much more important that you are a good designer/manager of your life than a good worker in it, you will be on the right path.”


692. “También he aprendido que juzgar a los demás antes de ponerse en sus zapatos nos impide comprender sus circunstancias, y no es una postura inteligente.”


693. I have never met a person who did not earn and learn their greatness.


694. “What you will be will depend on the perspective you have.”


695. “Watch out for people who think it’s embarrassing not to know.”


696. “In thoughtful disagreement, both parties are motivated by the genuine fear of missing important perspectives.”


697. “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


698. “the happiest people discover their own nature and match their life to it.” ― Ray Dalio


699. “Wekanesses don’t matter if you find solutions to them.”


700. “Trust in Radical Truth and Radical Transparency”


701. “The people who work for you should constantly challenge you. Don’t hire people just to fit the first job they will do; hire people you want to share your life with.” ― Ray Dalio


702. “rushing into ad hoc solutions while kicking the proverbial can down the road is a “path to slaughter.”


703. “Play jazz with people with whom you are compatible but who will also challenge you”


704. “Remember that most people will pretend to operate in your interest while operating in their own.”


705. “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.”


706. I hardly made any money, but I remember I loved it. And that was great. Even back then, I was never really concerned with money past a certain point of utility. I was happy sleeping on a cot in a studio apartment. All I cared about was having the freedom to do what I wanted to do.


707. “Before I begin telling you what I think, I want to establish that I’m a “dumb shit” who doesn’t know much relative to what I need to know. Whatever success I’ve had in life has had more to do with my knowing how to deal with my not knowing than anything I know.”


708. “The best behaviors one can hope for come from leaders who can weigh the benefits of cooperation, and who have long enough time frames that they can see how the gifts they give this year may bring them benefits in the future.”


709. “I believe that all organizations basically have two types of people: those who work to be part of a mission, and those who work for a paycheck.” Ray Dalio


710. “Learn how much confidence to have in your people—don’t assume it. No manager should delegate responsibilities to people they don’t know well.”


711. “My experience over this period was like a series of blows to the head with a baseball bat. Being so wrong—and especially so publicly wrong—was incredibly humbling and cost me just about everything I had built at Bridgewater. I saw that I had been an arrogant jerk who was totally confident in a totally incorrect view.”


712. “Learn about your people and have them learn about you through frank conversations about mistakes and their root causes.”


713. “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.”


714. “View painful problems as potential improvements that are screaming at you.”


715. “As Carl Jung put it, “Until you make the unconscious conscious, it will direct your life and you will call it fate.” It’s even more important that decision making be evidence-based and logical when groups of people are working together.”


716. “wise people stick with sound fundamentals through the ups and downs, while flighty people react emotionally to how things feel, jumping into things when they’re hot and abandoning them when they’re not.”


717. “Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.”


718. “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.”


719. “While in the past I would encounter problems, figure out their causes, and design my own ways to get around them, others who think differently than I do will make different diagnoses and designs. My job as mentor was to help them be successful at that.”


720. “30 A good book on this is A Whole New Mind”


721. “Pessoas bem-sucedidas mudam de modo a continuar se aproveitando de suas forças ao mesmo tempo que compensam as fraquezas; pessoas malsucedidas, não.”


722. “If you limit your goals to what you know you can achieve, you are setting the bar way too low.”


723. We particularly like looking at mistakes or weaknesses that we have in order to get stronger.


724. “There are two broad approaches to decision making: evidence/logic-based (which comes from the higher-level brain) and subconscious/emotion-based (which comes from the lower-level animal brain).” Ray Dalio


725. “Appreciate the art of thoughtful disagreement.”


726. “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” ― Ray Dalio Quotes


727. “While the right design is essential, it is only half the battle. It is equally important to put the right people in each of those positions.”


728. “While I could understand people liking something that helps them and disliking things that hurt them, it doesn’t make sense to call something good or bad in an absolute sense based only on how it affects individuals.”


729. “I saw pain as nature’s reminder that there is something important for me to learn.”


730. “Some people go through life collecting all kinds of observations and opinions like pocket lint, instead of just keeping what they need. They have ‘detail anxiety’, worrying about unimportant things.”


731. “Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.” Ray Dalio


732. “I just want to be right—I don’t care if the right answer comes from me.”


733. Currency devaluations are good for stocks, good for commodities and good for gold. They are not good for bonds.


734. “what was most important wasn’t knowing the future—it was knowing how to react appropriately to the information available at each point in time.”


735. “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.”


736. “Over my nine and a half decades of life, I have concluded that counting our blessings is far better than recounting our problems.” – Russell M. Nelson


737. If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.


738. “Be radically open-minded and radically transparent.”


739. “Don’t let the little things divide you when your agreement on the big things should bind you.” Ray Dalio


740. “Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance. So learning about your people’s weaknesses is just as valuable (for them and for you) as is learning their strengths.” ― Ray Dalio


741. “For example, the holy grail of investing could be five, it could be ten, it could be fifteen, but you will cut your risk in half,” he said. “Or, if you get down to 10 or 15 different assets you’ll cut risk by 80% without reducing your returns.”


742. “To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.”


743. “While I could understand people liking something that helps them and disliking things that hurt them, it doesn’t make sense to call something good or bad in an absolute sense based only on how it affects individuals. To do so would presume that what the individual wants is more important than the good of the whole.”


744. “Be willing to “shoot the people you love.” It is very difficult to fire people you care about.”


745. Everyone makes mistakes… one of the most important things that differentiates people is their approach to handling them.


746. “If your objective is to be as good, as you can be, then you’re going to want criticism.” Ray Dalio


747. “Every time you confront something painful, you are at a potentially important juncture in your life – you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.” Ray Dalio


748. “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.”


749. “I notice a difference from the moment I meditate. Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.” Ray Dalio


750. “What matters most is that the people you work with share your values.”

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