Ray Dalio Quotes

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Ray Dalio

Profession : Businessman

Birth : August 8, 1949

Know what your people are like, and make sure they do their jobs excellently.

Ray Dalio

The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.

Ray Dalio

I notice a difference from the moment I meditate.

Ray Dalio

The economy is like a machine.

Ray Dalio

I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.

Ray Dalio

I don't get caught up in the moment.

Ray Dalio

When people get at each other's throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.

Ray Dalio

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Ray Dalio

So how does the machine work that you have a financial crisis? How does deleveraging work - what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business?

Ray Dalio

Almost everything is like a machine.

Ray Dalio

If it didn't happen in your life before, then you're not paying attention you don't think it's possible. But almost all important events never happen in your life before.

Ray Dalio

The world is still in deleveraging.

Ray Dalio

An economy is not a complicated thing; it just has a lot of moving parts.

Ray Dalio

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

Ray Dalio

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

Ray Dalio

Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.

Ray Dalio

Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?

Ray Dalio

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

Ray Dalio

Pull in your belt, spend less, and reduce debt.

Ray Dalio

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

Ray Dalio