Ray Dalio Quotes

I really did believe that the most successful investments were the ones that you could own for the long run.

I think it is crucial to diversify one's portfolio.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

The investor of today does not profit from yesterday's growth.

My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.

No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly.

The last thing you want to do, unless it's a very unusual situation, is to invest money.

The beauty of diversification is it's about as close as you can get to a free lunch in investing.

Investing is a business where you can look very silly for a long period of time before you are proven right.

Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.

Stocks change. Industries change. But the underlying reasons certain stocks are good investments remain the same. Only the fullness of time reveals which are the most sound.

Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money.

The government can’t guarantee that you should earn profit from your investments.

Investing should be dull. It shouldn't be exciting.

People with 401(k)s need to be very conservative. Picking bottoms should be for insiders and traders.

Well, there's always risk in long-term investment.

While everyone would love to have that perfect portfolio of stocks that can be bought and held forever, it usually does not work out that way. Markets, technology, and businesses change too quickly to put portfolios on autopilot.

Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the single most devastating mistake you can make as an investor.

I don't think you should put all your money in one place. It must be invested in different investments.

Stock market goes up or down, and you can't adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.

Well, the most important thing in investing is to know what you're investing in, and if you're confident in the outcome, it's important to stay true to your position.

In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

Always keep your portfolio and your risk at your own individual comfortable sleeping point.

Our balance sheet provides us with the ability to act on investment opportunities in appropriate areas that diversify and broaden our portfolio, including the gas and energy sector.