Ray Dalio – Markets Teach You Humility And They Teach You What Works

One of our favorite investors here at The Acquirer’s Multiple is Ray Dalio.

Dalio runs Bridgewater Associates and is known for his culture of independent free thinking, meritocracy, and radical transparency. He recently did a great interview with Charles Duhigg at The New York Times.

In this interview Dalio provides a number of lessons for investors saying, “Markets teach you humility and they teach you what works. You have to be an independent thinker in the markets to be successful because the consensus is built into the price. You have to have a view that’s different to the consensus. When you have a view that’s different to the consensus, you’re going to be wrong sometimes.” He also discusses the importance of taking in and exploring disagreement before making important decisions. It’s a must watch for all investors.