? Ray Dalio – billionaire with a net worth over $14B, founder and former head of the world’s largest hedge fund, Bridgewater Associates. At 26, he launched his investment firm from a rented apartment. By 42, he had turned it into one of Fortune’s top 5 most important private companies in the US.
Today, he’s on Forbes’ list of the world’s 100 richest and Time’s list of the 100 most influential people.
? On July 31, Dalio officially retired (We wrote about it here). But he left more than just a fund behind – he left us dozens of quotes packed with hard-earned wisdom. Here are some of our favorites:
Here are some of our favorites:
? “The changes happening today in the world order seem new to us – but in reality, they have happened many times before.”
The world’s changing. It always has. We’re just around to watch this round live.
? “If you’re not willing to be wrong, you’ll never come up with anything original.”
Mistakes are part of the deal. Just cash them in for insight.
? “Don’t expect things to go smoothly. Prepare for the worst.”
A pessimist is just an informed optimist. An investor? That’s an optimist with an umbrella.
? “Strength lies in seeing reality for what it is – no matter how uncomfortable.”
No use hiding your head in the sand when the market’s dropping.
? “Suffer now to reap later.”
Ray wasn’t talking about fitness. He meant discipline in investing.
? “Understanding how reality works – and working with it – is the key to success.”
The world doesn’t owe you comfort. But it’ll negotiate.
? Crack open his book “Principles: Life & Work” now and then. It’s full of brain fuel.
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