To be successful, we need everyone to think independently and work through disagreement to decide what's best. Ray Dalio More Quotes by Ray Dalio More Quotes From Ray Dalio 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. Ray Dalio growth important life 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 Ray Dalio successful running life What matters most is that the people you work with share your values. Ray Dalio what-matters share people Almost everything is like a machine. Ray Dalio machines It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow. Ray Dalio cash-flow interest payment The world is still in deleveraging. Ray Dalio stills world Like the saying goes, don't believe everything you read. Ray Dalio dont-believe believe The economy is like a machine. Ray Dalio economy machines 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. Ray Dalio real integrity life I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them. Ray Dalio nice law believe Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles. Ray Dalio important unique people 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. Ray Dalio reflection mistake life There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people Ray Dalio thoughtful life two 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. Ray Dalio men life reality Watch out for people who think it's embarrassing not to know. Ray Dalio life people thinking I don't get caught up in the moment. Ray Dalio caught-up caught moments Know what your people are like, and make sure they do their jobs excellently. Ray Dalio knows jobs people 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. Ray Dalio pain running life 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. Ray Dalio views life people To have an idea meritocracy, one needs to do three things. First, they have to put their honest thoughts on the table, for everyone to look at and everyone to work through. Second, they need to have thoughtful disagreement, by which there are quality exchanges, in which there's open mindedness and the realization that no one has all the right answers. And you can work through that and get to better answers because good collective decision making is better than any individual decision making. And third, you have to have ways of getting past the disagreements if they remain. Ray Dalio thoughtful decision past
