Raymond Thomas Dalio (born August 8, 1949) is an American billionaire investor and hedge fund manager. He founded Bridgewater Associates in 1975, which became the world's largest hedge fund with over $150 billion in assets under management at its peak. Dalio is known for developing the "All Weather" portfolio strategy, designed to perform well across all economic environments, and pioneering...
"Don't worry about looking good — worry about achieving your goal. If you're wrong, acknowledge it quickly and move on. The cost of being wrong increases with time."
Cut losses quickly by acknowledging mistakes early.
Read Full Analysis →"When things go wrong, diagnose what went wrong by comparing the outcome to your principles. Was it an error in your principles, or an error in following them?"
Diagnose failures by testing against your principles.
Read Full Analysis →"Judge decisions by the quality of the process, not by the outcome. Good decisions can have bad outcomes, and bad decisions can have good outcomes."
Evaluate decisions by process quality, not just results.
Read Full Analysis →Ray Dalio has 3 key principles on selling & review. The most important one is "Acknowledge Mistakes Fast" — Don't worry about looking good — worry about achieving your goal.
Ray Dalio applies selling & review through several key principles including "Acknowledge Mistakes Fast" and "Review Through Principles". These principles guide practical investment decisions and have been tested across decades of market cycles.
Ray Dalio's approach to selling & review is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Ray Dalio provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
