Quotes by Ray Dalio

Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.

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

Nature is a machine. The family is a machine. The life cycle is like a machine.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. Thats a beautiful deleveraging.

Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

I think that the first thing is you should have a strategic asset allocation mix that assumes that you dont know what the future is going to hold.