Ray Dalio on Innovation Quotes

"The greatest tragedy of mankind is people having opinions that are wrong and not knowing it."

"History shows that those who adapt to change the fastest are the ones who survive and thrive."

"By being radically transparent, you bring problems to the surface and you solve them much faster."

"Truth—more precisely, an accurate understanding of reality—is the essential foundation for producing good outcomes."

"Don't get hung up on your views. Be curious and ask why."

"Systemize your decision making. If you have a set of principles for how you handle things, you will be much more effective."

"Meaningful work and meaningful relationships are the two things that matter most for a happy and productive life."

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

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

"Evolution is the single greatest force in the universe; it is the only thing that is permanent and it drives everything."

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

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

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

"Most people are more emotional than logical, but the innovators are the ones who can bridge that gap."

"Pain + Reflection = Progress."

"Radical open-mindedness and radical transparency are invaluable for rapid learning and change."

"To be an entrepreneur, you have to be an independent thinker who bets against the consensus and is right."

"Create a culture in which it is okay to make mistakes and unacceptable not to learn from them."

"Innovating is a process of trial and error. You have to be willing to fail to find the path that works."

"Technology is a double-edged sword that can be used to create or destroy, but it is the primary driver of evolution."

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

"The evolution of the human mind is the most powerful force in history."

"If you can't build a machine that produces innovation, you will eventually be replaced by someone who can."

"Nature gave us the ability to learn from our mistakes so that we could evolve."

"Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline."

"Every time you confront something painful, you are at a potentially important juncture in your life: you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion."

"If you are not failing, you are not pushing your limits, and if you are not pushing your limits, you are not maximizing your potential."

"To evolve is the goal of life and the greatest joy."

"The person who is open-minded and looking for the best answer is going to beat the person who thinks they have the best answer."

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

"I believe that the way you will be most successful is by having a group of independent thinkers who will disagree to find what's best."

"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."

"Look at the machine from the higher level. You are a designer of the machine and a worker in the machine."