262 Quotes by 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.

The best way to make great decisions is to know how to triangulate with other, more knowledgeable people.

I believe that understanding what is good is obtained by looking at the way the world works and figuring out how to operate in harmony with it to help it evolve.

I was about twenty and the Beatles were meditating and I heard about it and they had a center in New York and I came to the center and I learned about it.

There are two main drivers of asset class returns – inflation and growth.

Know what types of mistakes are acceptable and what types are unacceptable, and don’t allow the people who work for you to make the unacceptable ones.

Build your organization from the top down. An organization is the opposite of a building: Its foundation is at the top, so make sure you hire managers before you hire their reports. Managers can help design the machine and choose the people who complement it.

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

Remember that in great partnerships, consideration and generosity are more important than money.