Monday, October 24, 2011

Ray Dalio: The Machine, Deleveraging, Tools, and Competence (Charlie Rose)

"I'm totally comfortable with being incompetent" 
"Don't believe anything.  Think for yourself"   
 "If you're going to have innovation, and independent thinking, you're going to have to have the ability to disagree, to find out what's wrong ... and the cost of being wrong is a terrible thing ... I wanna know what's true, including my strengths and weaknesses, so I know how to deal with them."
"Are your optimistic or pessimistic?  I am concerned." 
Ray Dalio, Founder, Bridgewater Associates


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