Ray Dalio quotes

There are two main drivers of asset class returns - inflation and growth. (Ray Dalio)
He who lives by the crystal ball will eat shattered glass. View quote
Ray Dalio
Pull in your belt, spend less, and reduce debt. View quote
Ray Dalio
Nature is a machine. The family is a machine. The life cycle is like a machine. View quote
Ray Dalio
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. View quote
Ray Dalio
Systemize your decision making. View quote
Ray Dalio
If it didn't happen in your life before, then you're not paying attention you don't think it's possible. But almost all important events never happen in your life before. View quote
Ray Dalio
Treat your life like a game. View quote
Ray Dalio
Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in. View quote
Ray Dalio
An economy is not a complicated thing; it just has a lot of moving parts. View quote
Ray Dalio
Constantly probe the people who report to you, and encourage them to probe you. (Ray Dalio)
I don't get caught up in the moment. View quote
Ray Dalio
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline. View quote
Ray Dalio
The world is still in deleveraging. View quote
Ray Dalio
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred? View quote
Ray Dalio
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. View quote
Ray Dalio
The economy is like a machine. View quote
Ray Dalio
Know what your people are like, and make sure they do their jobs excellently. View quote
Ray Dalio
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. View quote
Ray Dalio
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 call on the right people to play the right positions in a very transparent way. View quote
Ray Dalio
I pay about a third in taxes, I give away about a third, and I follow the law. (Ray Dalio)
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes. View quote
Ray Dalio
Almost everything is like a machine. View quote
Ray Dalio
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. View quote
Ray Dalio
I was about twenty and the Beatles were meditating and I heard about it and they had a center in New York and I came to the center and I learned about it. View quote
Ray Dalio