Ray Dalio

Successful people ask for the criticism of others and consider its merit.

Ray Dalio

The harder the pain and the challenge, the better.

Ray Dalio

The most valuable habit I’ve acquired is using pain to trigger quality reflections.

Ray Dalio

Watch out for people who think it’s embarrassing not to know. They’re likely to be more concerned with appearances than actually achieving the goal; this can lead to ruin over time.

Ray Dalio

It’s more important to do big things well than to do small things perfectly.

Ray Dalio

An economy is not a complicated thing; it just has a lot of moving parts.

Ray Dalio

Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.

Ray Dalio

Constantly probe the people who report to you, and encourage them to probe you.

Ray Dalio

Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.

Ray Dalio

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.

Ray Dalio