Ray Dalio founded one of the largest global hedge funds with over $150 billion under management. He is also a billionaire, philanthropist, best-selling author, and investor.
Dalio has given more than $1 billion to philanthropic causes to date. In 2012, Dalio was listed in Time magazine’s list of the world’s 100 most important people. As of 2023, Ray Dalio’s net worth is $22 billion, which makes him the 71st richest person in the world.
Considering his achievements, we’ve collated a comprehensive list of Ray Dalio quotes to inspire you in all facets of business, self-improvement, and success. While some of the Ray Dalio quotes below are explicitly related to trading and investing, certain portions contain lessons to help you towards success in business and life.
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Ray Dalio Quotes for Self-Improvement
There is always constant struggle when you are in the process of self-improvement. As you go through that process, always make time for introspection and assessment. Keep these Ray Dalio quotes in mind throughout your journey:
- “If you don’t look at yourself and think, ‘Wow how stupid I was a year ago,’ then you must not have learned much in the last year.”
2. “I saw that to do exceptionally well, you have to push your limits and that, if you push your limits, you will crash, and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.”
3. “Listening to uninformed people is worse than having no answers at all.”
4. “He who lives by the crystal ball will eat shattered glass.”
5. “More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.”
6. “Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.”
7. “The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!”
Ray Dalio Quotes for Your Decisions and Work Relationships
The relationships and decisions you establish should not only serve your paths to success but should also, most importantly, enrich you as an individual.
8. “Most fundamental work principle: Make your passion and your work the same and do it with people you want to be with.”
9. “What matters most is that the people you work with share your values.”
10. “Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”
11. “Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.”
12. “More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.”
13. “People who confuse what they wish were true with what is true create distorted pictures of reality that make it impossible for them to make the best choices.”
14. “Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.”
Ray Dalio Quotes for Business Management
Instead of sticking to one way of doing things in your business, always make space for innovation and creativity. The Ray Dalio Quotes below can help you further in your process:
15. “It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.”
16. “Pull in your belt, spend less, and reduce debt.”
17. “By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.”
18. “I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.”
19. “I learned that if you work hard and creatively, you can have just about anything you want, but only some things you want. Maturity is the ability to reject good alternatives to pursue even better ones.”
20. “If you don’t own Gold, you know neither history nor economics.”
21. “You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.”
Ray Dalio Quotes About Life
Life can throw you countless adversities, yet Ray Dalio still has an interesting view. Here’s what he says:
22. “School typically doesn’t prepare young people for real life – unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life.”
23. “Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.”
24. “Treat your life like a game.”
25. “The worst situation is thinking you know something when you don’t.”
The Bottom Line
As you navigate through your life, relationships, and career, make sure to be welcoming to new opportunities that also come your way. We hope this collection of Ray Dalio quotes imparted wisdom as you find your path to success.
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Tammy Danan
Tammy is a journalist and creative content writer with over 10 years of experience. Driven by curiosity, her work explores how digital marketing, SaaS, and varied creative pursuits intersect with everyday life.She focuses on creative storytelling and tackles how the search for a more meaningful life is changing the way we work.Tammy will meow at all stray cats, and won’t start the day without an iced Spanish latte.
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