Ray Dalio

The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.

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.

Be wary of the arrogant intellectual who comments from the stands without having played on the field.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.