262 Quotes by Ray Dalio

Be wary of the arrogant intellectual who comments from the stands without having played on the field.

Remember that most people will pretend to operate in your interest while operating in their own.

The key is to fail, learn, and improve quickly. If you’re constantly learning and improving, your evolutionary process will be ascending. Do do it poorly, it will be descending. So I believe evolving is life’s greatest accomplishment and its greatest award.

If you’ve learned anything from this book I hope it’s that everyone has strengths and weaknesses, and everyone has an important role to play in life. Nature made everything and everyone for a purpose. The courage that’s needed the most isn’t the kind that drives you to prevail over others, but the kind that allows you to be true to your truest self, no matter what other people want you to be.

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.

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

I pay about a third in taxes, I give away about a third, and I follow the law.

There were only two big forces to worry about: growth and inflation.

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.