"Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in."
"Education is the most powerful weapon which you can use to change the world."Ray Dalio on Nelson Mandela
"The only thing that interferes with my learning is my education."Ray Dalio on Albert Einstein
"It is the mark of an educated mind to be able to entertain a thought without accepting it."Ray Dalio on Aristotle
"My mother said I must always be intolerant of ignorance but understanding of illiteracy. That some people, unable to go to school, were more educated and more intelligent than college professors."Ray Dalio on Maya Angelou
"Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught."Ray Dalio on Oscar Wilde
"It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow."
"I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold."
"Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. 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."
"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."
"In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted."
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