Ray Dalio Quotes

Managing and navigating through a financial crisis is no fun at all.

I didn't go to business school, didn't care about financial stuff and the stock market.

I heard that you did not have a judge to interview this month in the Bulletin, so I thought I'd help out. Besides, with the Stock Market tanking recently, it reminded me of the good old days.

My adversary is the world of finance.

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

People used to ask me for advice, and I'd say, 'Please, don't ask me!' Yes, I did economics at Oxford, but that's not the same as having a broad knowledge of personal finance.

I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's the only smart financial move I ever made.

In times of crisis, cash is king.

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.

No matter what business you're in, business is business, and financing and money are critical. I would have made a lot fewer mistakes if I had more schooling in that area.

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

Until 'Scrubs,' I didn't have a business manager. I learned everything on my own - and I learned the hard way.

I think you've got to watch out for anybody in high school who says he wants to become an economist.

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

I finally know what distinguishes man from the other beasts: financial worries.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.

Show people tend to treat their finances like their dentistry. They assume the man handling it knows what he is doing.

To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be levered, not a curse. They must understand that there's a cost to sitting in cash. No one talks about that cost.

I understand that finance can be very complex.

I can tell you that when you're counting every penny, knowing that you are a single bad decision away from bankruptcy, you inevitably lose focus on what really matters for your business.

I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me.

The first rule of personal finance is that it's not personal and it's not financial. It's about your ability to make ten changes and not get too depressed over it.

I have a business to run and stockholders to think about.