Ray Dalio Quotes

"Don't let your need to be right be more important than your need to find out what's true."

"It is far better to be an explorer of the unknown than a know-it-all when it comes to executing new ideas."

"The best way to manage risk is to diversify."

"The most important thing is that you have a process for making decisions."

"The key is to fail, learn, and improve quickly."

"To scale, you must systematize your principles so that others can apply them with the same consistency as you would."

"A great manager is an organizational engineer."

"The greatest challenge you will face is having the confidence to be radically open-minded."

"The biggest mistake investors make is to believe that what happened in the recent past is likely to persist."

"Great partnerships come from sharing both values and interests."

"History taught me that. If you don't look at the patterns, you're going to be surprised."

"Confidence is built by facing the reality of your situation, no matter how harsh it is."

"Diversification is the holy grail of investing and the holy grail of thinking."

"An idea meritocracy is the best system for making decisions because it results in the best ideas winning out."

"Radical open-mindedness is motivated by the genuine worry that you might not be seeing your choices optimally."

"The most important thing you can do is to think for yourself while being open-minded."

"Every time you confront something painful, you are at a potentially important juncture in your life."

"Empires rise and fall in cycles."

"I believe that to be a great leader, you have to be willing to be a student first."

"It is far more common for people to let ego stand in the way of learning."

"Design a machine to achieve your goal."

"Don't have debt rise faster than income, because your debt burdens will eventually crush you."

"History shows that all empires and their currencies eventually fail."

"The people who have the most passion are the ones who change the world because they are willing to endure the pain of growth."

"Make it a habit to write down your principles whenever you make a decision."

"Struggle is the process by which you get stronger."

"I hope that my passion for the truth serves as a model for others to find their own truths."

"Cash is trash because it loses value over time through inflation."

"I don't care about being right; I care about knowing what is true. That mindset gives me immense confidence."

"The quality of your life will depend on the choices you make at those uncomfortable moments."

"Doing is what makes the results happen. Design without doing is just a dream."

"Most people fight seeing what's true when it's not what they want it to be."

"The habit of persistence is what carries you through the inevitable dips in any journey."