Be wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray DalioI think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.
Ray DalioNature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
Ray DalioI believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
Ray DalioYou should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
Ray DalioNever say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.
Ray Dalio