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Ray Dalio Biography

Raymond Dalio (born August 8, 1949) is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. As of January 2018, he is one of the world's 100 wealthiest people, according to Bloomberg.

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Ray Dalio Quotes

One of the things meditation gives you is creativity because creativity really comes from the subconscious brain - intuition, imagination - so it's not like you can go there and say, I'm going to go be creative now. Maybe you can, but the real way you get creativity is, you know, you're taking a hot shower and great ideas come to you from the subconscious. Essentially, meditation opens a pipeline between the conscious and the subconscious.

Creativity, Giving, Know, Maybe, Real, Shower

I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.

Believe, Regulate, Self, Think, Thinking

I have found that by looking at what is rewarded and punished, and why, universally - i. e. , in nature as well as in humanity - I have been able to learn more about what is "good" and "bad" than by listening to most people's views about good and bad.

Good, Life, Nature, People, Universally, Views

Principles are concepts that can be applied over and over again in similar circumstances as distinct from narrow answers to specific questions. Every game has principles that successful players master to achieve winning results. So does life. Principles are ways of successfully dealing with the laws of nature or the laws of life. Those who understand more of them and understand them well know how to interact with the world more effectively than those who know fewer of them or know them less well.

Dealing, Life, Player, Successful, Understand

Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.

Agree, Important, People, Share, Unique, Worked

Watch out for people who think it's embarrassing not to know.

Embarrassing, Life, People, Think, Thinking

People with good work habits have to-do lists that are reasonably prioritized, and they make themselves do what needs to be done. By contrast, people with poor work habits almost randomly react to the stuff that comes at them, or they can't bring themselves to do the things they need to do but don't like to do (or are unable to do).

Done, Make, Needs, People, Stuff, Work

I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.

Examining, Ideas, Mankind, People, Properly, Thinking

Sometimes we forge our own principles and sometimes we accept others' principles, or holistic packages of principles, such as religion and legal systems. While it isn't necessarily a bad thing to use others' principles - it's difficult to come up with your own, and often much wisdom has gone into those already created - adopting pre-packaged principles without much thought exposes you to the risk of inconsistency with your true values.

Already, Come, Growth, Life, Risk

To make money in the markets, you have to think independently and be humble.

Humble, Make, Making Money, Money, Think, Thinking

If you have the power to see things through somebody else's eyes, it's like going from black and white to color or two dimensions to three dimensions.

Black And White, Color, Eye, Eyes, Like, Three

I notice a difference from the moment I meditate.

Difference, Differences, Meditate, Moment, Moments, Notice

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

Causes, Just Saying, Like, Machines, Relationships, Understand

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

Complicated, Economy, Moving, Thing

I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right

Believe, Life, Views, Ways

The best advice I can give you is to ask yourself what do you want, then ask 'what is true' - and then ask yourself 'what should be done about it. ' I believe that if you do this you will move much faster towards what you want to get out of life than if you don't!

Believe, Done, Life, Move, Moving, Towards

Everyone has to decide for themselves what works for them and their organization.

Decide, Everyone, Organization, Works

People who worry about looking good typically hide what they don't know and hide their weaknesses, so they never learn how to properly deal with them and these weaknesses remain impediments in the future.

Life, People, Worry, Looking, Weaknesses, Know

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

Asset, Class, Growth, Inflation, Two

When there is pain, the animal instinct is 'fight or flight' (i. e. , to either strike back or run away) - reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.

Calm, Causing, Life, Pain, Run, Running

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