Ray Dalio Quotes
140 Ray Dalio Quotes
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[In 2011.] People who suppress the mini-confrontations for fear of conflict tend to have huge conflicts later, which can lead to separation, precisely because they let minor problems fester.
Ray Dalio
[In 2011.] Imagine if a group of us were trying to learn how to play golf with Tiger Woods, and he and a new golfer were debating how to swing the club. Would it be helpful or harmful to our progress to ignore their different track records and experience?… I also think the new golfer shouldn’t accept what Tiger Woods has to say as right only because he has won loads of tournaments and has years of experience playing golf… At the same time, I also think the new golfer would be pretty dumb and arrogant to believe he’s probably right and the champion golfer is wrong.
Ray Dalio
[In 2011.] The most able learners are easily found, since they are, or were, the best students from the best schools. The best thinkers are tougher to find, as there are no obvious funnels through which they pass, especially before they develop track records in the ‘real world’.
Ray Dalio
[In 2011.] Pay attention to people’s track records.
Ray Dalio
[In 2011.] Taste the soup. A good restaurateur constantly tastes the food that is coming out of his kitchen and judges it against his vision of what is excellent. A good manager needs to do the same.
Ray Dalio
[In 2011.] A root cause is not an action but a reason.
Ray Dalio
[In 2011.] If you have the same people doing the same things, you should expect the same results.
Ray Dalio
[In 2011.] There is no sense in having laws unless you have policemen (auditors).
Ray Dalio
[In 2011.] You can make great things happen, but you must MAKE great things happen.
Ray Dalio
[In October 2011.] Meditation more than anything in my life was the biggest ingredient for whatever success I’ve had.
Ray Dalio
[In October 2011.] Meditation gives me a centeredness, it gives me an ability to look at things without the emotional hijacking, without the ego, in a way that gives me a certain clarity.
Ray Dalio
[In May 2012.] Deleveragings occur in a mechanical way that is important to understand. There are three ways to deleverage. We hear a lot about austerity. In other words, pull in your belt, spend less, and reduce debt. But austerity causes less spending and, because when you spend less, somebody earns less, it causes the contraction to feed on itself. Austerity causes more problems. It is deflationary and it is negative for growth.
Ray Dalio
[In May 2012.] Deleveragings go on for about 15 years. The process of raising debt relative to incomes goes on for 30 or 40 years, typically. There's a last big surge, which we had in the two years from 2005 to 2007 and from 1927 to 1929, and in Japan from 1988 to 1990, when the pace becomes manic. That's the classic bubble. And then it takes about 15 years to adjust.
Ray Dalio
[In June 2014.] I worry about the effectiveness of monetary policy in the next downturn.
Ray Dalio
[In June 2014 on Russia.] There’s no inventiveness, there’s no entrepreneurship, there’s no small business development. Nobody ever washes a rental car.
Ray Dalio
[In June 2014 on how to help avoid the next credit crisis.] Don’t allow debts to grow faster than income.
Ray Dalio
If you think it, say it.
Ray Dalio
Risky things are not in themselves risky if you understand them and control them. If you do it randomly and you are sloppy about it, it can be very risky.
Ray Dalio
I’m always trying to figure out my probability of knowing.
Ray Dalio
[In 2011.] The quality of our lives depends on the quality of the decisions we make.
Ray Dalio
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