The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio โ a portfolio that does well in different environmentsโฆ. we don't know that we're going to win. We have to have diversified bets.
Ray DalioYou have to put yourself in my shoes as a person who believes in radical truth and in being radically transparent, not in seeing things through somebody else's eyes.
Ray DalioThere is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
Ray DalioI believe that dreamers who simply imagine things that would be nice but are not possible donโt sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
Ray Dalio