Ray Dalio Quotes

I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.
Ray Dalio

Humanity, Ego, Problem

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

Money, Society, Give

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

Money, Beautiful, Done

Almost everything is like a machine.
Ray Dalio

Everything, Almost, Machine

An economy is not a complicated thing; it just has a lot of moving parts.
Ray Dalio

Moving, Economy, Parts

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.
Ray Dalio

Education, Good, Real

Constantly probe the people who report to you, and encourage them to probe you.
Ray Dalio

Encourage, Constantly, Probe

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?
Ray Dalio

Money, Best, Support

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

Best, Mistake, Economics

He who lives by the crystal ball will eat shattered glass.
Ray Dalio

Lives, Eat, Ball

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

Tired, Through, Off

I don't get caught up in the moment.
Ray Dalio

I notice a difference from the moment I meditate.
Ray Dalio

Moment, Difference, Notice

I pay about a third in taxes, I give away about a third, and I follow the law.
Ray Dalio

Give, Law, Away

I think so many people are reactive... they see things in a short term way they're right up against it.
Ray Dalio

Short, Against, Reactive

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.
Ray Dalio

Future, Hold, Asset

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.
Ray Dalio

Learned, Heard, York

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.
Ray Dalio

Down, Another, Worry

I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people.
Ray Dalio

Money, Government, Happy

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
Ray Dalio

Saying, Understand, Economic

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
Ray Dalio

Country, Interest, Likely

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.
Ray Dalio

Life, Important, Happen

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.
Ray Dalio

Home, Baseball, Win

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.
Ray Dalio

Problem, Problems, Less

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

Future, Down, Interest

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Biography

Nationality: American

Type: Businessman

Born: 1949

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