Ray Dalio
@RayDalio • 2,182,989 subscribers
Official account of Ray Dalio, founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker
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While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system.
Ray Dalio741,099 Aufrufe • vor 23 Tagen
When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.
Ray Dalio92,966 Aufrufe • vor 6 Tagen
Knowing your nature is critically important to understanding what success is for you. I can't tell you literally what is best for you, but I can tell you that success is not having a lot more money or status than you need. Having the time and freedom to do what you most want to do is far more important. What is success for most people? It is a matter of having meaningful work and meaningful relationships. If you can make your work and your passion one and the same, and do it with people who you care about and care about you, you will have a happy, successful life. Explore Principles for the Graduating Class of 2026 with my AI Twin, Digital Ray in Beta, here:
Ray Dalio96,575 Aufrufe • vor 8 Tagen
When entering this second phase of life, you are almost certainly making the mistake of thinking you know more than you actually know—especially if you got good grades in school. You were taught that success is a matter of learning what you were taught and not making mistakes. That probably made you a bit arrogant, like I was when I graduated. But it is living life and encountering your realities that will truly teach you. The question is, will you learn? Long Island University You can watch the full speech here:
Ray Dalio199,032 Aufrufe • vor 19 Tagen
I believe success is a matter of having meaningful work and meaningful relationships—work and relationships that you are thrilled by. If you can make your work and your passion one and the same, and you can do it with people who you care about and care about you, you will have a happy, successful life. Long Island University You can watch the full speech here:
Ray Dalio125,080 Aufrufe • vor 16 Tagen
One of my favorite principles, learned through experience, is that pain plus reflection equals progress. I developed a habit of viewing pain as a signal of a problem. If you treat that problem as a puzzle to solve, it ultimately yields a gem in the form of a great principle. I learned to value painful experiences because they became my best learning experiences and led to the most significant advances. Learning from direct encounters with reality is a much better way to succeed in life than simply remembering what others try to teach. Long Island University You can watch the full speech here:
Ray Dalio112,708 Aufrufe • vor 15 Tagen
People often ask whether China or the West is “winning.” That’s the wrong question. The more useful question is: how do different systems work, and what trade-offs do they make? When you look at history, geopolitics, and economics together, you start to see repeating patterns — and those patterns matter far more than day-to-day noise.
Ray Dalio189,008 Aufrufe • vor 27 Tagen
After spending time in Washington, DC discussing the budget deficit with senior people on both sides of the aisle, it’s clear to me that we are unlikely to change the debt trajectory we’re on and avoid the painful consequences. While virtually everyone agrees on the need to address our debt problem in a balanced way that includes tax increases and cuts to benefits, they also agree that they cannot speak up because politics have become absolutist. We must find a solution around absolutist pledges like, ”I will not raise taxes,” or “I will not reduce benefits,” when they are desperately needed.
Ray Dalio2,399,432 Aufrufe • vor 11 Monaten
Watching the news today feels a lot like watching a movie I’ve seen many times before. In 1971, I witnessed a major currency devaluation that I thought would be a disaster—but the markets actually went up. It was a lesson I only learned by looking back at 1933. When you study the historical "scripts," the current plot becomes much clearer.
Ray Dalio204,291 Aufrufe • vor 1 Monat
It's now happening. The existing fiat monetary order, the domestic political order, and the international geopolitical order are all breaking down, so we are at the brink of wars. It all is happening because of the Big Cycle that is driven by the five big forces I've described repeatedly and laid out in detail in my book and Youtube video titled Principles for Dealing with The Changing World Order. You can find the video linked in the comments below.
Ray Dalio739,963 Aufrufe • vor 4 Monaten
When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.
Ray Dalio154,718 Aufrufe • vor 28 Tagen
Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. Nikhil Kamath
Ray Dalio246,372 Aufrufe • vor 1 Monat
In 1971, the US ran out of money and defaulted on its debts. Now, they didn’t say it that way. But by moving away from the gold standard, money as we understood it ended. I expected the stock market to plunge, but it went on to rise nearly 25%. That surprised me. But when I looked into it, I discovered the exact same thing happened in 1933 and it had the exact same effect. Here’s why.
Ray Dalio980,582 Aufrufe • vor 6 Monaten
There are few things that are more important for the health of the world than the health of U.S.-China relations and the health of our oceans. For over 40 years, I have cared deeply about both, so for me this goodwill mission OceanX just completed bringing together American and Chinese students and early-career scientists has been a dream come true.
Ray Dalio245,688 Aufrufe • vor 1 Monat
If I could give my younger self one piece of advice, it would be this: Your capacity to learn is far greater than your current knowledge. Many people let the need to be "smart" get in the way of open-mindedness. But if you can view life as an adventure and approach disagreement with curiosity instead of anger, you'll find yourself evolving to higher and higher levels.
Ray Dalio282,325 Aufrufe • vor 2 Monaten
I’ve found that most wars are filled with surprises, but the stakes of this conflict are obvious: it all comes down to who controls the Strait of Hormuz. We’ve seen this pattern before—with the Dutch in the 17th century and the British in 1956. When a world power reveals military and financial weakness, the world order shifts.
Ray Dalio307,441 Aufrufe • vor 2 Monaten
While there’s a lot being written about the Supreme Court decisions on tariffs, I wanted to take a moment to step back and clearly lay out my thoughts on them. Many people think of tariffs as purely disruptive, but throughout history, they’ve been a primary source of government revenue. In an ideal world, you wouldn’t have tariffs — each country would make and trade the things they are capable of producing efficiently. But as the world becomes increasingly fragmented, we have to look beyond pure economic efficiency and consider the necessity of self-sufficiency. For that reason, tariffs are anything but simple. To understand who truly benefits and who pays the price, you have to look at the full system.
Ray Dalio81,762 Aufrufe • vor 21 Tagen
The former Dutch Empire teaches us a lot about the importance of capitalism in driving long-term success through the development of productive entrepreneurs. The Dutch became a leading empire by being open to the best thinking in the world. They became so inventive that they were responsible for 25% of all the major inventions in the world — including ships that could travel and collect great riches, and the invention of capitalism as we know it today to finance those voyages. This virtuous cycle leads to strong income growth, which can be used to finance investments in education, infrastructure, research, and development. Over time, that helps its citizens become more productive and more competitive than their peers. #principles #raydalio #history #capitalism
Ray Dalio207,961 Aufrufe • vor 1 Monat
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living standards decline, leading to the rise of political extremism 4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources 5) Populist leaders emerge pledging to take control and bring about order
Ray Dalio748,406 Aufrufe • vor 6 Monaten
My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons. 1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go down in real terms 2) It is a fixed asset that is easy to tax, which limits its impacts on your ability to diversify 3) Real estate is nailed down, so investing in it makes it more difficult to move money from one place to another That’s my view, in a nutshell. I’m curious to hear if you agree. #GovernmentDebt #debt #principles
Ray Dalio1,032,627 Aufrufe • vor 9 Monaten