Ray Dalio Quotes

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Ray Dalio

Profession : Businessman

Birth : August 8, 1949

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

Ray Dalio

Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.

Ray Dalio

Nature is a machine. The family is a machine. The life cycle is like a machine.

Ray Dalio

The big question is: When will the term structure of interest rates change? That's the question to be worried about.

Ray Dalio

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.

Ray Dalio

What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.

Ray Dalio

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

Ray Dalio

I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people.

Ray Dalio

I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day.

Ray Dalio

Constantly probe the people who report to you, and encourage them to probe you.

Ray Dalio

Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.

Ray Dalio

Treat your life like a game.

Ray Dalio

There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.

Ray Dalio

Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.

Ray Dalio

There are two main drivers of asset class returns - inflation and growth.

Ray Dalio

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.

Ray Dalio

I think so many people are reactive... they see things in a short term way they're right up against it.

Ray Dalio

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

Ray Dalio

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

Ray Dalio

I pay about a third in taxes, I give away about a third, and I follow the law.

Ray Dalio