Ray Dalio Quotes
Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don't know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don't.
Dalio, Ray. Principles: Life and Work. Simon & Schuster, 2017.
Few politicians publicly admit that they do not know something. This was a common Rumsfeld response. What is more, he was very certain of the fact.
Raymond Thomas Dalio is an American billionaire businessman, hedge fund manager, philanthropist, and author who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1971 in New York. Within ten years, it was infused with a $5 million investment from the World Bank's retirement fund. Dalio is regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management.