Ray Dalio
@RayDalio
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Official account of Ray Dalio, founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker
Joined August 2009
Sometimes you need to stand by and let someone make a mistake (provided it's not too serious) so they can learn. It's a bad sign if you are constantly telling people what they should do; micromanagement typically reflects inability on the part of the person being managed. It's
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Tired of fake news? ⚠️ Follow @chaospolicy for real unfiltered American news from journalists with over 50 years of political reporting experience. We don’t take sides. We just tell it like it is.
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History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living
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Don't just react to pain — reflect on it. To overcome any obstacle, you must think deeply about how reality works and develop principles to guide your actions. That's the only way to learn from your mistakes so you don’t repeat them. The pain is the signal! @StevenBartlett
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Radical open-mindedness and radical transparency are invaluable for rapid learning and effective change. Learning is the product of a continuous real-time feedback loop in which we make decisions, see their outcomes, and improve our understanding of reality as a result. Being
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There are huge differences between memory-based book learning and hands-on, internalized learning. A medical student who has learned to perform an operation in a medical school class has not learned it in the same way as a doctor who has already conducted several operations.
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This evolutionary cycle is not just for people but for countries, companies, economies—for everything. And it is naturally self-correcting as a whole, though not necessarily for its parts. For example, if there is too much supply and waste in a market, prices will go down,
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There are huge differences between memory-based book learning and hands-on, internalized learning. A medical student who has learned to perform an operation in a medical school class has not learned it in the same way as a doctor who has already conducted several operations.
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History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living
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As you probably know, in my books I described what I call the Big Cycle in which 5 major forces--1) the debt/money order, 2) the internal political/social order, 3) the international geopolitical order, 4) acts of nature, and 5) new technologies--interact and transpire. I
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What I’m doing now is another, bigger round of beta testing to get suggestions to make more improvements. I suspect that, to the extent that you’d find value in speaking with me as an advisor, you will find Digital Ray to be a very good thought-partner now and that it will learn
principles.com
Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that helped him create unique results in life and business.
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Radical open-mindedness and radical transparency are invaluable for rapid learning and effective change. Learning is the product of a continuous real-time feedback loop in which we make decisions, see their outcomes, and improve our understanding of reality as a result. Being
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As an investor, you don’t want to concentrate your bets — you want diversification, so you’re protected in different economic environments. That’s why alternative assets like gold are so valuable in balancing your portfolio. @profgalloway
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Trainees must be open-minded; the process requires them to suspend their egos while they discover what they are doing well and what they are doing poorly and decide what to do about it. The trainer must be open-minded as well, and it's best if at least two believable trainers
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Most people fight seeing what’s true when it’s not what they want it to be. That’s bad, because it is more important to understand and deal with the bad stuff since the good stuff will take care of itself. #principleoftheday
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If you’re interested, you can find my full conversation with @business here. We discussed life, debt, global crisis, and the importance of investing in our oceans. https://t.co/iXD4iovrCS
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My first real job was caddying, and it changed my life. It was the 1960s, and the people I was caddying for were always talking about the stock market. So, I took my caddying money and bought Northeast Airlines because it was the only company I had heard of that was selling for
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Trainees must be open-minded; the process requires them to suspend their egos while they discover what they are doing well and what they are doing poorly and decide what to do about it. The trainer must be open-minded as well, and it's best if at least two believable trainers
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There is nothing more important than understanding how reality works and how to deal with it. The state of mind you bring to this process makes all the difference. I have found it helpful to think of my life as if it were a game in which each problem I face is a puzzle I need to
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