Nature is a machine. The family is a machine. The life cycle is like a machine. Ray Dalio More Quotes by Ray Dalio More Quotes From Ray Dalio 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. Ray Dalio stressedtiredmeditation 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 choiceslifebelieve When I say I believe in radical truth and radical transparency, all I mean is we take things that ordinarily people would hide, and we put them on the table, particularly mistakes, problems, and weaknesses. We put those on the table, and we look at them together. We don't hide them. Ray Dalio mistakemeanbelieve You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold. Ray Dalio assetsassumingshould-have 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. Ray Dalio incomegrowthbeautiful What I'm trying to say is that for the average investor, what I would encourage them to do is to understand there's inflation and growth - it can go higher and lower - and to have four different portfolios essentially that make up your total portfolio that gets you balanced. Ray Dalio growthtryingaverage 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. Ray Dalio growthlifemoving When two intelligent parties disagree, that's when the potential for learning and moving ahead begins. Ray Dalio partyintelligentmoving 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. Ray Dalio what-mattersmeaningfulpeople An economy is not a complicated thing; it just has a lot of moving parts. Ray Dalio economycomplicatedmoving I have been very lucky because I have had the opportunity to see what it's like to have little or no money and what it's like to have a lot of it. I'm lucky because people make such a big deal of it and, if I didn't experience both, I wouldn't be able to know how important it really is for me. I can't comment on what having a lot of money means to others, but I do know that for me, having a lot more money isn't a lot better than having enough to cover the basics. Ray Dalio opportunitylifemean One of the greatest sources of problems in our society arises from people having loads of wrong theories in their heads - often theories that are critical of others - that they won't test by speaking to the relevant people about them. Instead, they talk behind people's backs, which leads to pervasive misinformation. Ray Dalio growthlifepeople Never say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole. Ray Dalio yieldintegritylife He who lives by the crystal ball will eat shattered glass. Ray Dalio crystalsballsglasses Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods. Ray Dalio demandmistakethinking 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. Ray Dalio wantgivingpeople A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. Ray Dalio balancethreebeautiful When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bonds go up. Ray Dalio inflationhighergrowth I don't think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior. Ray Dalio mediaselfthinking I treasure the fact there's media freedom, but with that goes responsibility. I think that there should be a self-regulatory organization and that they should start to think about standards. Because I think a lot of people say, "I don't know how to read what is true versus somebody else's interpretation." Ray Dalio responsibilityselfthinking
