Ray Dalio on Priorities Quotes

"Choosing your goals is the first step in the five-step process to getting what you want out of life."

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

"Think of yourself as a machine operating within a machine and know that you have the ability to alter your machines to produce better results."

"Pain + Reflection = Progress."

"The most important thing you can do is to weigh the second and third-order consequences of your decisions."

"Experience creates a library of scripts that you can use to navigate the future."

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

"The biggest mistake most people make is to not see themselves and others objectively."

"Great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor."

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

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

"Distinguish between you as the designer of your machine and you as a worker with your machine."

"Weaknesses don’t matter if you find solutions to them."

"Don't get hung up on your views of how things 'should' be because you will miss out on learning how they really are."

"You can have virtually anything you want, but you can't have everything you want."

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

"It is far better to be an explorer facing uncertainties than to be someone who stays home and never faces them."

"To achieve your goals, you must be prioritized and you must be disciplined."

"The most important quality that differentiates successful people from unsuccessful people is our capacity to learn and adapt."

"Don't let fears of what others think of you stand in your way."

"You have to be a hyper-realist. You have to understand how reality works and how to deal with it."

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

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

"Never rule out a goal because you think it's unattainable. Be audacious."

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

"If you don't fail, you're not pushing your limits, and if you're not pushing your limits, you're not maximizing your potential."

"Identify and don't tolerate problems."

"Look at the patterns of the mistakes you are making and you will see that they are caused by a few primary root causes."

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

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

"Prioritize: While you can have virtually anything you want, you can’t have everything you want."

"Do not confuse what is 'wishable' with what is real."

"Don’t confuse goals with desires."