Ray Dalio on Belief Quotes

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

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

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

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

"Truth—or, more precisely, an accurate understanding of reality—is the essential foundation for any good outcome."

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

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

"Empires rise and fall in cycles."

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

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

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

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

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

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

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

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

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

"Believing that you are right when you are not is a recipe for disaster."

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

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

"Embrace reality and deal with it."

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

"The biggest mistake most people make is to believe that they or others have the answers."

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

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

"Pain + Reflection = Progress."

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

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

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

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

"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."

"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."