Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in. Ray Dalio buychinacompetitiveness share on social
Constantly probe the people who report to you, and encourage them to probe you. Ray Dalio constantlyencouragepeople Change image and share on social
Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted. Ray Dalio causelotmake Change image and share on social
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. Ray Dalio amountausteritybalance share on social
The big question is: When will the term structure of interest rates change? That's the question to be worried about. Ray Dalio bigchangeinterest Change image and share on social
Know what your people are like, and make sure they do their jobs excellently. Ray Dalio excellentlyjobmake Change image and share on social
Pull in your belt, spend less, and reduce debt. Ray Dalio beltdebtpull Change image and share on social
I pay about a third in taxes, I give away about a third, and I follow the law. Ray Dalio followgivelaw Change image and share on social
I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are. Ray Dalio bigegoface Change image and share on social
An economy is not a complicated thing; it just has a lot of moving parts. Ray Dalio complicateeconomylot Change image and share on social