Ray Dalio Quotes

It’s senseless to have making money as your goal as money has no intrinsic value — its value comes from what it can buy, and it can’t buy everything. It’s smarter to start with what you really want, which are your real goals, and then work back to what you need to attain them. Money will be one of the things you need, but it’s not the only one and certainly not the most important one once you get past having the amount you need to get what you really want.

Every leader must decide between 1) getting rid of liked but incapable people to achieve their goals and 2) 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

I came to see that people’s greatest weaknesses are the flip sides of their greatest strengths.

Never say anything about someone that you wouldn’t say to them directly and don’t try people without accusing them to their faces.

Find the most believable people possible who disagree with you and try to understand their reasoning. Having open-minded conversations with believable people who disagree with you is the quickest way to get an education and to increase your probability of being right.

Having nothing to hide relieves stress and builds trust.

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

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

Systemize your decision making.

What you will be will depend on the perspective you have.

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.

The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).

If you can think for yourself while being open-minded in a clearheaded way to find out what is best for you to do, and if you can summon up the courage to do it, you will make the most of your life.

beneficial change begins when you can acknowledge and even embrace your weaknesses.

Any damn fool can make it complex. It takes a genius to make it simple