Ray Dalio

“Find 15 good uncorrelated return streams... If you can get out to 15, you can get down to about, reduce about 80% of your risk without reducing your return. That means that you increase your return to risk ratio by something like a factor of five.”

“Bridgewater became the largest hedge fund before anybody knew me... We the most consistently made excellent returns with minimal risk. And we were uncorrelated with the stock market or any other market. That's what made it. I think it made 11.8% a year for something like 31 years.”

“I put it online for free. I created it... There's a feature in there where you can have somebody else that you have a relationship with take it. And then they'll tell you about the relationship.”

“When he first started Tesla, he had made something like $180 million from PayPal. And he decided that he was going to take half of that money and he was going to go to Mars... I suggest that you put aside a little bit of money... No, I don't need to do that.”

“I gave it to Bill Gates... a number of these people are this, that I would call a shaper.”

“I gave it to Reed Hastings... And they are people who love to go from visualization to actualization and to be on that mission.”

“I gave it to Muhammad Yunus. I gave it to other people to see the elements of what they are like.”

“One of them was Paul Volcker.”

“Lee Kuan Yew started Singapore and ran that.”

“Jacques Cousteau had an effect on me. When I was growing up, I watched him dive and do exploration... we have this common passion of ocean exploration.”

“Ray Kroc, McDonald's, he was like 52. Okay. So it was a big range, but they certainly are driven.”