Ray Dalio is an American investor, financier, entrepreneur, billionaire, hedge fund manager and philanthropist. Dalio founded the investment management firm Bridgewater Associates which is one of the largest in the world. Best selling books published by Ray Dalio include “Principles: Life and Work“, “Principles for Success“, and “Big Debt Crises“.
Mini Ray Dalio biography: Born Raymond Dalio in New York City, New York, U.S.A. on the 8th of August, 1949. Ray Dalio lives in the U.S.A. He is married to Barbara Dalio and he has four children: Devon, Mark, Matthew, and Paul Dalio.
Investing Quotes by Ray Dalio
The greatest joy I’m having now is helping other people to be successful, particularly helping people who can help a lot of people. Sean Combs, also known as Diddy, is one such person. Ray Dalio
I’m at a stage in my life where now my primary goal isn’t to be more successful. My primary goal is to help other people be successful. Ray Dalio
I remember my mistakes better than I remember my successes. Somehow there must be more of the successes to get me where I am, but I remember all the mistakes, and I remember the lessons. Ray Dalio
Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had. Ray Dalio
Only two things that you need to do in order to be successful. The first is you have to know what the right decisions to make are, and then you have to have the courage to make them. Ray Dalio
In school, it’s always, not to be yourself. They don’t teach you to think for yourself. They don’t teach you as much to fail by mistakes. They don’t teach you everybody has strengths and weaknesses. They don’t teach you the ability to see it through other’s eyes. And, these are the keys to success. Ray Dalio
Since there isn’t enough money to fund these pension and healthcare obligations, there will likely be an ugly battle to determine how much of the gap will be bridged by 1) cutting benefits, 2) raising taxes, and 3) printing money. Ray Dalio
Bridgewater is an idea meritocracy in which the goal is to have meaningful work and meaningful relationships. They’re equally important. But to do those through radical truthfulness and radical transparency. So you’re on a mission together: meaningful work. Ray Dalio
An economy is not a complicated thing; it just has a lot of moving parts. Ray Dalio
The best way to structure a portfolio is to have the right kind of balance in your portfolio, and some amount of gold. Gold serves a purpose. It is first of all, a diversifier against other assets. You know, we have this risk on, risk off thing. Ray Dalio
Money is essentially free for those who have money and creditworthiness, it is essentially unavailable to those who don’t have money and creditworthiness, which contributes to the rising wealth, opportunity, and political gaps. Ray Dalio
I learned along the way certain things that helped me be successful. So whatever success I’ve had is not because of me. It’s because of principles that I’ve learned along the way. I’m 70 years old. I want to pass on what’s been good for me. When I do that, I can have peace. Ray Dalio
The fear of failure and the self-esteem loss that people have associated with failure stand in the way of their success. Ray Dalio
The average man tends to be much more reactive if you look at the purchases and sales that they make. When something goes up, they’re more likely to buy it. They think, ah, that’s a good investment. They don’t know how to measure that in terms of oh, is that a much more expensive investment that’s more likely to go down? Ray Dalio
Paul Volcker, Ben Bernanke, and Mario Draghi were each central bankers who inherited brewing money and credit crises that boiled over on their watches. They each had to muster the courage to do the right things despite the great criticism of people who wanted them to do wrong things. As the leading central bankers, they had to fight huge economic wars in politically-charged and dysfunctional environments, and they won those wars. Ray Dalio
I think it’s important I know that the key to my success has not been so much what I know as much as how I deal with my not knowing. Ray Dalio
More Ray Dalio
How has Ray Dalio inspired or influenced your life? Let us know in the comments below. Do you think we can learn anything from how he invests money or did he just get lucky?. Have you worked for Ray Dalio at his Bridgewater hedge fund? He seems like he would be interesting boss.
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