Quotes by Ray Dalio

“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.”

“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 (t...”

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

“There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.”

“Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and...”

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

“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.”

“As previously explained, the differences between deleveragings depend on the amounts and paces of 1) debt reduction, 2) austerity, 3) transferring wealth from the haves to the have-nots, and 4) deb...”

“In a nutshell, poor education, a poor culture (one that impedes people from operating effectively together), poor infrastructure, and too much debt cause bad economic results. The best results come...”

“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

“To understand what is coming at you, you need to understand what happened before you.”

“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 can consider the...”

“Make believability-weighted decisions. ...Operate by principles ... that are so clearly laid out that their principles can be easily assessed and you and others can see if you walk the talk.”

“Systemize your decision making.”