There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes. Ray Dalio Read Quote
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. Ray Dalio Read Quote
I’m going to give away a lot more than half my money. I’d be happy to give that to the government if the government put together programs that were like I’m giving away to charity, in which I believe the money is effectively used to help people. Ray Dalio Read Quote
Credit is a promise to deliver money. It will produce GDP but you’ll create credit… So you reach a certain point that that you can’t do that anymore… There are choices. And how do we best support, apportion the money? How much is going to be transferred? Ray Dalio Read Quote
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging. Ray Dalio Read Quote
The big question is: When will the term structure of interest rates change? That’s the question to be worried about. Ray Dalio Read Quote
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 Read Quote
