Ray Dalio Insights (Part I)

Ray Dalio is one of the greatest investors and thinkers of our time. Ray has been sharing some valuable insights on his twitter account and here are a few of the most interesting:

On when to bet (very applicable to traders and investors):

You can significantly improve your track record if you only make the bets that you are most confident will pay off. Knowing when not to bet is as important as knowing what bets are probably worth making.

On not listening to uninformed people:

Make sure they’re fully informed and believable. Find out who is responsible for whatever you are seeking to understand and then ask them. Listening to uninformed people is worse than having no answers at all.

How meditation may help you keep an open mind and a bigger perspective on things:

In thinking about the principles that are helping me and might help you during this challenging time, this is one of them. I practice Transcendental Meditation and believe that it has enhanced my open-mindedness, higher-level perspective, equanimity, and creativity.

These posts will be expanded over the next few days with more interesting principles and topics.