The Best Ray Dalio Quotes
Ray Dalio is a well-known businessman and investor who currently runs Bridgewater Associates, the biggest hedge fund in the world. He manages about $160 billion which means investors have a lot to learn from him on business and management. A tip from Ray Dalio is worth a lot, and that’s why we’ve created a list with the most inspiring quotes from Ray Dalio both for business and personal development.
Before we share his words of wisdom about investment and life, why not take a moment and get to know him a bit more closely. Well, he comes from a middle-class family and grew up in Long Island. He entered the investment world at the age of 12 while he was a caddy for golfers in his neighborhood. They used to give him tips about the markets. Later on, he got an MBA at Harvard Business School and started to invest under his Bridgewater Fund, which he started from his own place in New York City.
Ray Dalio is a true inspiration and a force in the business world, and here we have some of the best quotes from him.
“When I look back on my life and the various accomplishments I’ve made and the impacts I’ve had, the most important source of happiness for me has been the wonderful relationships I’ve had.”
Ray Dalio participated in a Reddit series of “Ask me anything” earlier in 2018 and this is one wise piece of advice he gave during that broadcast. He thinks the most valuables things in life are relationships and experiences and that people should value these more than money and status quo. You can have all the money in the world but if you don’t have anybody to spend it with, you will be unhappy. Taking this advice from one of the richest men alive, we should think again when we define success.
“First, know how to balance your portfolio so that you don’t have any systematic bias toward bull or bear markets in anything.”
In the same Reddit series of “Ask me anything” from 2018, Ray Dalio said that the most important thing is to balance your portfolio as an investor because this way you are covered and assume fewer risks. When investing, you want to make sure you don’t put your money all in one place.
“Second, don’t make the mistake of thinking that investments that have been good over the past few years [will continue] Rather than more expensive investments .. think about how to rotate your portfolio to buy that which is cheap and sell that which is expensive.”
Continuing expressing his thoughts in the same Reddit series of “Ask me anything” from 2018, Ray Dalio says that it’s not smart to think an investment that had a good return in the past will continue to have the same yield in the future as well. So, the best move for an investor is to construct a diversified portfolio and always look for cheap stocks that will gain value in time and can be sold at a higher price.
“It is far more common for people to allow ego to stand in the way of learning.”
Ray Dalio said this inspiring phrase in his book, “Principles”, published in 2017. One of his main beliefs is that our ego consumes too much of our time and makes us think we are better than we actually are. This leaves little room for improvement and learning, which is very important both in business and personal life. Therefore, stop being part of the common crowd and always act humble. Let others inspire you, get educated by reading books and always stay hungry for knowledge. It really is one of the best ways to achieve success.
“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.”
Another quote extracted from Ray Dalio’s book “Principles”, where the author encourages readers to be independent thinkers and decide what they aim for and how to achieve it. This is a very important life lesson for everyone as we mostly struggle with the opinion of others about us and rarely do something we feel strongly about. It’s time to get out there and do your own thing. Follow Ray Dalio’s advice; he has a lifetime experience in working in the investment world where your own intuition is the most important. Ray learned to trust only in himself, when will you?
“What I wanted was to have an interesting, diverse life filled with lots of learning – and especially meaningful work and meaningful relationships. I feel that I have gotten these in abundance and I am happy.”
This is a great quote about life from the 2017 book, “Principles”. Here, Ray shares his inner thoughts about a desirable life for him and says that his purpose in life was to gain as many experiences as possible and learn as much as he could. These, combined with meaningful relationships and work, make the perfect recipe for a happy life. And this couldn’t be truer for most humans, as experiences define you, work fulfills you, relationships help you grow emotionally and learning helps you understand how lucky you are to live on this Earth.
Ray Dalio has been a true inspiration for previous generations and for many generations to come. He is more than a billionaire – he is a wise investor who has a lot to share about life, experiences, and learning. These tips from him can help anyone understand more about true happiness and the essential things in life and help them achieve their own success. Ray thinks we need relationships that make us happy, experiences that help us grow and a lot of learning. Work is important, but only when it becomes an ingredient in this recipe for fulfillment and happiness. Ray Dalio helps us understand that a good investor will always be learning and seeking new opportunities and will do his work with a passion so it brings meaning into his life.