Ray Dalio on Belief Quotes

"Radical open-mindedness is the ability to effectively explore different points of view and different possibilities without letting your ego or your blind spots get in your way."

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

"I’ve found that the greatest challenge is to be able to see oneself objectively."

"Maturity is the ability to reject good alternatives in order to pursue even better ones."

"I believe that the ability to deal with what you don't know is much more powerful than anything you know."

"If you are not worried, you need to worry; and if you are worried, you don't need to worry."

"Embrace reality and deal with it."

"Empires rise and fall in cycles."

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

"Your beliefs should be based on evidence, not on what you want to be true."

"If you don't look back at yourself and think, 'Wow, how stupid I was a year ago,' then you must not have learned much in the last year."

"The most important thing is to have a system for evolving your beliefs as you get more information."

"The more you think you know, the more closed-minded you’ll be."

"I believe that the key to success lies in knowing how to both strive for a lot and fail well."

"I believe that the most important thing for most people is to find work and a passion that are the same thing."

"To be effective you must not let your need to be right be more important than your need to find out what's true."

"Ask yourself: Is it true? How do I know it's true?"

"I believe that the evolution of anything—whether it’s a species, a company, or your own life—is a process of trial and error."

"The most important thing is that you develop your own principles and ideally write them down."

"Schooling is often about memorizing and being tested on what you've been told, whereas life is about discovering what's true."

"The consensus is often wrong, so you have to be an independent thinker."

"Pain + Reflection = Progress."

"If you can’t successfully do something, don’t think you can tell others how it should be done."

"It is far better to be a seeker of truth than a possessor of it."

"Don't let your ego stand in the way of your progress."

"Radical transparency is the only way to ensure that people are seeing the same reality."

"I believe that all of us have things that we value and things that we want, and we have to make choices."

"To make money in the markets, you have to be an independent thinker and bet against the consensus and be right."

"I just want to be right—I don’t care if the right answer comes from me."

"Look for people who have a lot of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers."

"Don’t worry about looking good; worry about achieving your goal."

"The quality of your life depends on the quality of the decisions you make."

"I believe that the greatest gift you can give someone is the gift of the truth."