American - Businessman | August 8, 1949 -
If it didn't happen in your life before, then you're not paying attention you don't think it's possible. But almost all important events never happen in your life before.
Ray Dalio
LifeThinkAttentionYouPossible
I don't get caught up in the moment.
MomentUpGetCaught
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
EyesStrongBadAcceptFreshThings
I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.
WorryDownDisruptionPainfulLeg
I pay about a third in taxes, I give away about a third, and I follow the law.
LawFollowTaxesPayAwayGive
Treat your life like a game.
LifeTreatGameLikeYour
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
BeautifulMoneyWordsDoneThree
Maintain 'baseball cards' and/or 'believability matrixes' for your people. Imagine if you had baseball cards that showed all the performance stats. 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.
BaseballPeoplePerformanceYouPlay
The world is still in deleveraging.
WorldStill
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
ChangeWillQuestionStructureBig
Almost everything is like a machine.
EverythingAlmostLikeMachine
Nature is a machine. The family is a machine. The life cycle is like a machine.
LifeFamilyNatureCycleMachine
Copyright © 2024 QuotesDict Ray Dalio quotes