"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."
"The empires of the future are the empires of the mind."Ray Dalio on Winston Churchill
"Every saint has a past and every sinner has a future."Ray Dalio on Oscar Wilde
"Again, you can't connect the dots looking forward you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life."Ray Dalio on Steve Jobs
"I never think of the future - it comes soon enough."Ray Dalio on Albert Einstein
"It is not in the stars to hold our destiny but in ourselves."Ray Dalio on William Shakespeare
"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."
"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."