The biggest mistake investors make is to believe that what happened in the recent past is likely to persist.
Investors
Ray Dalio
Born in New York in 1949, Ray Dalio founded Bridgewater Associates, one of the largest hedge funds. His debt-cycle theory, risk-parity strategy, and bestselling Principles reshaped institutional investing and leadership.
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Ray Dalio's Other Quotes
Pain plus reflection equals progress.
He who lives by the crystal ball will eat shattered glass.
If you're not failing, you're not pushing your limits, and if you're not pushing your limits, you're not maximizing your potential.
Radical open-mindedness and radical transparency are invaluable for rapid learning and effective change.
Related Quotes
The history of all hitherto existing society is the history of class struggles.
-- Karl Marx
The most important thing is being attentive to cycles.
-- Howard Marks
You can't predict. You can prepare.
-- Howard Marks
Concentration is the key. If you believe in something, you should bet big on it.
-- Bruce Berkowitz
The bulls might be right that the company's accounting is fine, but they're asking us to take it on faith. We prefer to verify.
-- David Einhorn
You have to understand the business before you understand the stock.
-- Mario Gabelli