Founder of Bridgewater Associates, which he led from 1975 until stepping back from control in 2022. Author of Principles, The Changing World Order and How Countries Go Broke; publishes economic analysis at economicprinciples.org.
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Their wordsI think the greatest tragedy of mankind and the greatest tragedy of most people is to hold opinions in their head that are wrong that they're attached to and that they don't stress test it's so easy to take those ideas and properly put them out there in an idea meritocratic way and have them stress tests which raises the probabilities of being right
Their wordsI went from thinking you know I'm right to asking myself how do I know I'm right in other words how do I triangulate it gave me the humility I needed to balance with my audacity and so then it gave me an open-mindedness
Ray DalioFounder of Bridgewater AssociatesTo be clear, these criteria are not best derived by looking at what would have worked in the past and assuming that it will work in the future—i.e., data mining—or simply asking an AI what to do. They are based on logical understandings converted into decision-making systems.↗Principled Thinking and AI Need to Go Togetherraydalio.substack.com · 10 Jun 2026
Their wordsTo be clear, these criteria are not best derived by looking at what would have worked in the past and assuming that it will work in the future—i.e., data mining—or simply asking an AI what to do. They are based on logical understandings converted into decision-making systems.
Their wordswhenever I was surprised and I think whenever most people it's surprised it's because of something that never happened in their lifetime before but it happened before so it doesn't happen in their context but it happens so you don't see it so you don't think about it
Their wordsI learned how to balance risks better right so I learned that if um how I could reduce my risks without reducing my returns by being able to literally structure my bets in a more Diversified way