Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates.
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. Use this quote
Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way. Use this quote
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging. Use this quote
In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted. Use this quote
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. Use this quote
