Ray Dalio

Founder and Mentor, Bridgewater Associates · 1 appearance on the record.

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In 1975, Ray Dalio founded Bridgewater Associates out of his apartment, eventually building it into one of the world's largest hedge funds and pioneering investment strategies such as the "All Weather" risk parity portfolio. He is also a prominent macroeconomic commentator and bestselling author of books including Principles: Life and Work.

8statements → 1claims → 0claims resolved → 3.62/5average certainty → 2.25/5average debate potential → 1said about them ↓

1 not checkable as stated how the 1 claim stands · each chip opens the sources

1 prediction · 2 opinions · 4 insights · 1 disclosure · every statement was checked. The prediction and assertions are the 1 claim: statements the public record can support or contradict. 0 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

What they said8 What others said1 Episodes1

Everything Ray Dalio said on Masters of Scale that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion

Ray Dalio: Life success is due more to meditation than anything else

“Whatever success I've had in life has been more due to meditation, I think, than anything else. Maybe my curiosity, because it gives one an equanimity and a creativity that's really, really great.”

Ray Dalio Mar 15, 2023 ▶ 32:44 Ray Dalio: How to embrace conflict

Prediction Not checkable as stated

Dalio: Rushing to use black-box algorithms will cause major decision mistakes

“The speed of I'm going to use algorithms to make quick bets on these things will probably at some time make very important decisions, be very major mistakes. And since we're all connected, that scares me.”

Ray Dalio Mar 15, 2023 ▶ 35:22 Ray Dalio: How to embrace conflict

Insight

Dalio: Educational system teaches people to fear being wrong

“I think the problem of our whole system and our educational system is that it teaches you to be right, and you have a possessiveness to be right, and oh, now it's embarrassing when you're wrong, it's embarrassing when you have a weakness.”

Ray Dalio Mar 15, 2023 ▶ 26:12 Ray Dalio: How to embrace conflict

Opinion

Dalio: Autonomous vehicles will perform significantly worse than humans in novel situations

“And I'm saying, I think in that particular case, that the AI would perform significantly worse than the human.”

Ray Dalio Mar 15, 2023 ▶ 38:08 Ray Dalio: How to embrace conflict

Insight

Dalio: Seeking out smart people who disagree raises the probability of being right

“How do I find the smartest people I know who disagree with me and are willing to disagree with each other but really care about your outcome? You learn a tremendous amount and that raises one's probability of being right.”

Ray Dalio Mar 15, 2023 ▶ 11:10 Ray Dalio: How to embrace conflict

Insight

Dalio: Documenting decision principles creates clarity for recurring situations

“When you're in a position of making an important decision, if you, maybe just after you do it, you take pause and you reflect, and you write down your criteria or your principles for doing it, you write it down, In your own mind, it creates a clarity, because …”

Ray Dalio Mar 15, 2023 ▶ 17:29 Ray Dalio: How to embrace conflict

Insight

Ray Dalio: Pause heated disagreements to first agree on procedural protocols

“Whenever you're having a disagreement with somebody, or some difficult time with somebody, pause it, And then go above it and agree. How should you be with each other? What are your protocols? What are the rules? And then once you can agree on that, then you c…”

Ray Dalio Mar 15, 2023 ▶ 31:03 Ray Dalio: How to embrace conflict

Disclosure

Dalio: Bridgewater employs mediators and a two-minute rule for conflict

“We have a two minute rule. We have mediators. We do certain things to have the protocols to be able to have that disagreement.”

Ray Dalio Mar 15, 2023 ▶ 31:34 Ray Dalio: How to embrace conflict

The other half of the tape: Ray Dalio's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Ray Dalio, by other people (1)

What-if

Hoffman: Dalio could have hedged 1982 losses by consulting others

“Had he consulted anyone but himself, Had he built a system for testing his theories before betting big, he might have been able to hedge his bets and reduce the company's exposure.”

Reid Hoffman Mar 15, 2023 ▶ 13:34 Ray Dalio: How to embrace conflict

Appearances (1)

Episode	Date	Speaking time
Ray Dalio: How to embrace conflict	Mar 15, 2023	11m

Ray Dalio

Statements about Ray Dalio, by other people (1)

Appearances (1)

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