Ray Dalio quotes

Who the heck is Ray Dalio?

Billionaire investor, hedge fund manager and philanthropist. One of the wealthiest people around.

Ray Dalio books

Ray Dalio quotes

“Above all else, I want you to think for yourself, to decide 1) what you want, 2) what is true and 3) what to do about it.”

Ray Dalio Principles

“Anyone you see succeeding is only succeeding at things you’re paying attention to.” They’re probably “also failing at lots of other things.”

Ray Dalio

“Closed-minded people don’t want their ideas challenged.”

Ray Dalio Principles

“Decide what you really want in life by reconciling your goals and your desires.”

Ray Dalio

“Don’t blame bad outcomes on anyone but yourself.”

Ray Dalio

“Don’t confuse what you wish were true with what is really true.”

Ray Dalio

“Don’t let pain stand in the way of progress.”

Ray Dalio

“Don’t overweight first-order consequences relative to second- and third-order ones.”

Ray Dalio

“Don’t worry about looking good—worry instead about achieving your goals.”

Ray Dalio

“Every leader must decide between getting rid of liked but incapable people to achieve their goals and keeping the nice but incapable people and not achieving their goals.

Whether or not you can make these hard decisions is the strongest determinant of your own success.”

Ray Dalio Principles

“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.”

Ray Dalio Principles

“Having nothing to hide relieves stress and builds trust.”

Ray Dalio Principles

“Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.”

Ray Dalio Principles

“I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”

Ray Dalio Principles

“I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learnings without failing badly enough to get knocked out of the game. This way of learning and improving has been best for me because of what I’m like and because of what I do.”

Ray Dalio Principles

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

Ray Dalio Principles

“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”

Ray Dalio Principles

“I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.”

Ray Dalio Principles

“If you are open-minded enough and determined, you can get virtually anything you want.”

Ray Dalio

“If you can’t successfully do something, don’t think you can tell others how it should be done.”

Ray Dalio Principles

“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”

Ray Dalio Principles

“Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice? Take a moment to think about it because it is the sort of choice that, in one form or another, we all have to make.”

Ray Dalio Principles

“In time, I realized that the satisfaction of success doesn’t come from achieving your goals, but from struggling well.”

Ray Dalio Principles

“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”

Ray Dalio Principles

“Listening to uninformed people is worse than having no answers at all.”

Ray Dalio Principles

“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”

Ray Dalio Principles

“Meditate. I practice Transcendental Meditation and believe that it has enhanced my open-mindedness, higher-level perspective, equanimity, and creativity. It helps slow things down so that I can act calmly even in the face of chaos, just like a ninja in a street fight. I’m not saying that you have to meditate in order to develop this perspective; I’m just passing along that it has helped me and many other people and I recommend that you seriously consider exploring it.”

Ray Dalio Principles

“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.”

Ray Dalio

“Over the course of our lives, we make millions and millions of decisions that are essentially bets, some large and some small. It pays to think about how we make them because they are what ultimately determine the quality of our lives.”

Ray Dalio Principles

“Pain + Reflection = Progress”

Ray Dalio Principles

“Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance.”

Ray Dalio Principles

“Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.”

Ray Dalio Principles

“The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.”

Ray Dalio Principles

“The happiest people discover their own nature and match their life to it.”

Ray Dalio Principles

“Thoughtful disagreement is not a battle; its goal is not to convince the other party that he or she is wrong and you are right, but to find out what is true and what to do about it.”

Ray Dalio Principles

“Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.”

Ray Dalio Principles

“To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.”

Ray Dalio Principles

“Truth - more precisely, an accurate understanding of reality - is the essential foundation for producing good outcomes.”

Ray Dalio

“Typically, by doing what comes naturally to us, we fail to account for our weaknesses, which leads us to crash. What happens after we crash is most important. Successful people change in ways that allow them to continue to take advantage of their strengths while compensating for their weaknesses and unsuccessful people don’t.”

Ray Dalio Principles

“Unattainable goals appeal to heroes.”

Ray Dalio Principles

“View painful problems as potential improvements that are screaming at you.”

Ray Dalio

“Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like.”

Ray Dalio

“While I used to get angry and frustrated at people because of the choices they made, I came to realize that they weren’t intentionally acting in a way that seemed counterproductive; they were just living out things as they saw them, based on how their brains worked.”

Ray Dalio Principles