22 Inspirational Ray Dalio Quotes on Overcoming Mistakes and Failures
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Ray Dalio is Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates. He started Bridgewater out of his two-bedroom apartment in New York in 1975 and under his leadership, the firm has grown into the fifth most important private company in the US according to Fortune Magazine. His net worth is 18 billion USD.
Ray Dalio is also the author of The New York Times #1 Bestseller Principles, which outlines his work and life principles, the foundation of Bridgewater’s distinctive culture, and the cornerstone of his and Bridgewater’s success. ( Get the audiobook for free.)
Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that helped him create unique results in life and business-and which any person or organization can adopt to better achieve their goals.
Ray Dalio Quotes
Here are the most powerful success lessons from the Ray Dalio quotes on overcoming mistakes and failures:
The key is to fail, learn, and improve quickly. If you’re constantly learning and improving, your evolutionary process will be ascending.
Ray Dalio
Heroes inevitably experience at least one very big failure that tests whether they have the resilience to come back and fight smarter and with more determination.
Ray Dalio
If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.
Ray Dalio
I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed — but that won’t be true unless you give up.
Ray Dalio
The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
Ray Dalio
When a problem occurs, conduct the discussion at two levels: 1) the machine level (why that outcome was produced) and 2) the case-at-hand level (what to do about it).
Ray Dalio
Mistakes are the path to progress.
Ray Dalio
If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
Ray Dalio
Life is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better at this game through practice. The game consists of a series of choices that have consequences. You can’t stop the problems and choices from coming at you, so it’s better to learn how to deal with them.
Ray Dalio
Every time you confront something painful, you are at a potentially important juncture in your life — you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.
Ray Dalio
Every time you have pain, it’s in indication that something’s at odds.
Ray Dalio
Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
Ray Dalio
The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will learn what causes your pain and what you can do about it, and it will have an enormous impact on your effectiveness.
Ray Dalio
My painful mistakes shifted me from having a perspective of “I know I’m right” to having one of “How do I know I’m right?
Ray Dalio
Believe it or not, your pain will fade and you will have many other opportunities ahead of you.
Ray Dalio
Know what you don’t know. Be comfortable with understanding your mistakes and weaknesses.
Ray Dalio
Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.
Ray Dalio
For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won’t grow.
Ray Dalio
To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.
Ray Dalio
Pain + Reflection = Progress
Ray Dalio
I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor. The high school yearbook quote my friends chose for me was from Thoreau: “If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.
Ray Dalio
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Originally published at https://motiveex.com on June 4, 2020.
