ClaimsPeople

Ray Dalio

Ray Dalio founded Bridgewater Associates in 1975 and was its CEO until 2017, and is the author of several books including Principles: Life and Work.

827 claims collected, 172 researched, 91 resolved. Report of 4 November 2026, method 0.1.0+c876030c.

Scores by kind of claim

Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.

  • Factual claims

    Statements about the present or the past, checked against the record: did they hold up?

    77 71 83

    High confidence, 80 factual claims resolved. From 15 documents, 2010 to 2026; 19 documents sampled from 36 candidates found.

    Not scored: 33 unresolvable, 4 checkable only against their own records.

    See the factual claims

  • Predictions

    Statements about events outside the person's control, checked once they fell due: did they come true?

    72 56 86

    Low confidence, 11 predictions resolved. From 6 documents, 2010 to 2025; 19 documents sampled from 36 candidates found.

    Not scored: 41 unresolvable. 3 more fall due later.

    Does not yet allow for how likely each prediction was when made.

    See the predictions

All types combined: 76 (likely 71 to 82, high confidence), from 91 claims: 80 factual claims, 11 predictions. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.

Ray Dalio's claims

827 claims · page 6 of 9

827 claims, sorted by newest said. Choose a claim to read it in full.
VerdictKindSaidClaimTopic
Not checkable Not checkable 3 Mar 2019 If you don’t have them, agree on them, and if you do have them, review how they are working and what should be changed to make them work… Not checkable · 3 Mar 2019
Unresolvable Factual 3 Mar 2019 A film of the first dive to 1,000m in Antarctica won Best Micro Movie at the World Wildlife Day Film Showcase. Factual · 3 Mar 2019 Their own work or organisation
Not checkable Not checkable 2 Mar 2019 Whenever there is a dispute, both parties are required to have equal levels of integrity, to be open-minded and assertive, and to be… Not checkable · 2 Mar 2019
Not checkable Not checkable 1 Mar 2019 Its morale and smooth functioning should always take precedence over your need to be right—and besides, you could be wrong. Not checkable · 1 Mar 2019
Not checkable Not checkable 1 Mar 2019 An organization is a community with a set of shared values and goals. Not checkable · 1 Mar 2019
Not checkable Not checkable 1 Mar 2019 If you want to hear my thoughts and research on the risk of a recession before the next presidential election, you can find them here: Not checkable · 1 Mar 2019
Not checkable Not checkable 28 Feb 2019 Don’t hold opinions about things you don’t know anything about. Not checkable · 28 Feb 2019
Not checkable Not checkable 11 Nov 2018 nothing like it looked to us back in 2007 Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Well I believe the same things happen over and over again and it’s like a disease, if you don’t watch all the cases, you won’t understand… Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 The way it works is the banks are regulated and they are controlled and they are safe and they are overseen, but there are innovations that… Not checkable · 11 Nov 2018
Own records only Factual 11 Nov 2018 For every dollar Dalio gives to micro-finance, $12 is lent out to people in the first five years. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 I was I was surprised at how curious and interactive people were. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Liquidity is the money that comes in, you can have no bank capital and plenty of liquidity and be fine. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 if it’s a bank, it’s leveraged 10 to 1 and the average assets go down 10%, you’re out of money. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 That is the pushing on a string phase. Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 Italy, Germany, Japan and Spain moved from democracies to dictatorships, with Italy first. Factual · 11 Nov 2018 Other global risks
Not checkable Not checkable 11 Nov 2018 if we can just understand and agree on the mechanics of these things, we make a giant leap forward. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 because a debt is a promise to deliver cash. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 capitalism right now is not working for the majority of Americans Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Anyway I don’t think we’ve materially changed those things. Not checkable · 11 Nov 2018
Resolved true Factual 11 Nov 2018 In 1937 the US Federal Reserve tightened monetary policy substantially. Factual · 11 Nov 2018 Economics and markets
Unresolvable Prediction 11 Nov 2018 If the next recession brings a decline in earnings, a fair amount of the debt Dalio was discussing will be stress-tested and there will be issues with it. Prediction · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 We’ve learned some things but not enough things Not checkable · 11 Nov 2018
Unresolvable Factual 11 Nov 2018 During the 2008-09 crisis, authorities guaranteed about two thirds of all debt in the United States. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 populism is when a strong individual is brought in by a segment — a disenfranchised segment of the population, partially because of… Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I think every crisis is a bit different and you can’t write the rules so precisely that you can deal with it. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 History has shown that they are pretty much always allowing the rate of growth to be faster than the rate of capacity to produce Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 As of late 2018, the US expansion is nine years old and central banks have bought $15-16 trillion of assets. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 my big worry about that following these cycles is that political conflict, social conflict worsens because times get worse for everybody. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 it kind of reaches its end when first interest rates hit zero because you can’t puff things up with interest rate declines anymore. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Well in a normal cycle, when you have the downward move to get it moving on the positive side to get the good cycle going, you lower… Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 the amount of lending that takes place produces a cash flow which is greater than the debt service payments on that, so that’s a virtuous… Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 in doing that, that contributed to the wealth gap because financial assets are owned by people who held financial Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 we have a system in which demand is produced by credit and that most people are long. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 we’re probably in the seventh-inning of the short-term cycle, the business cycle Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 in the early part of the cycle, the amount of lending that takes place Not checkable · 11 Nov 2018
Not researched Factual 11 Nov 2018 The bottom 60% of Americans have had poor conditions and no income growth. Factual · 11 Nov 2018 Economics and markets
Mostly true Factual 11 Nov 2018 The US embargoed Japan's oil, which led to the attack on Pearl Harbor in 1941. Factual · 11 Nov 2018 Other global risks
Mostly false Factual 11 Nov 2018 Incarceration costs between $80,000 and $120,000 a year. Factual · 11 Nov 2018 Philosophy, ethics and society
Not checkable Not checkable 11 Nov 2018 you run out of capacity, central bank tightens monetary policy, markets start to decline and the economy declines Not checkable · 11 Nov 2018
Not researched Factual 11 Nov 2018 Germany was hobbled and humiliated at the end of World War I and later became strong relative to the UK and France. Factual · 11 Nov 2018 Other global risks
Not checkable Not checkable 11 Nov 2018 That’s typical of all these cycles because at the periphery, there’s more aggressive lending, it’s unregulated Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 what you need is to recognize that that’s a national emergency. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 The bubble stage is also accompanied by the development of shadow banking. Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 Since the 2008-09 crisis, central banks worldwide have bought about $16 trillion of financial assets, putting about $16 trillion of liquidity into financial markets. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 Politics now is more important than at any time in my lifetime and I’ve been doing this for 50 years. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 We need to have thoughtful disagreement and principles for dealing with it. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 the top usually comes through a combination of a tightening of monetary policy because you’re later in the cycle. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Well, the markets teach you humility, you know, you are never 100 percent sure of being right in any way and so that what that taught me is… Not checkable · 11 Nov 2018
Not researched Factual 11 Nov 2018 22 percent of high school students in the school district he describes are disengaged or disconnected from school. Factual · 11 Nov 2018 Other
Resolved true Factual 11 Nov 2018 Japan, with limited resources and economic problems, needed resources beyond its borders and took over Manchuria in northern China. Factual · 11 Nov 2018 Other global risks
Resolved true Factual 11 Nov 2018 The template section of Dalio's book on financial crises is 60 pages long. Factual · 11 Nov 2018 Their own work or organisation
Own records only Factual 11 Nov 2018 Bridgewater's index of conflict shows conflict within the US and most countries, and between countries, is greater than at any time since the 1930s. Factual · 11 Nov 2018 Other global risks
Not checkable Not checkable 11 Nov 2018 That always happens. Not checkable · 11 Nov 2018
Resolved true Factual 11 Nov 2018 During the 1982 debt crisis, banks did not use mark-to-market accounting, so solvency was less of an issue than liquidity. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 The funny thing about markets is that they discount what they’ve experienced more than what’s likely. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 And then you have Q.E. which is then the purchase of those assets to cause those apps at prices to rise a lot Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I’m a hard-core capitalist Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Liquidity is different from capital Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 It’s about $1 million per person. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 That we need to not fight about things but to debate, argue and then move on to compromises and to run the country for the whole. Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 A number of multinational companies bought companies in other countries and financed the purchases with dollar-denominated debt. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 they discount what they’ve experienced more than what’s likely Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 when interest rates hit zero, the game changes, okay? Because monetary policy cannot operate that way. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 there is much less of a bubble around back in 2007 when we did those numbers Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 So you got me on a hot streak. Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 Dalio said the biggest risks he sees are in the corporate debt market, which he said has increased a lot, with a lot of funding going to private equity firms. Factual · 11 Nov 2018 Economics and markets
Not checkable Not checkable 11 Nov 2018 to learn the art of thoughtful disagreement, that’s not a fight, it’s a curiosity experience. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 you have to see much pretty much them all and then understand how they work on average and how they deviate and that was the purpose of the… Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I see an imbalance in that. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Because they are classic, they all happen basically in the same way. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Well, it tells you how much of a downward movement in the assets you can tag, right? Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 what causes inflation is when more money is spent than goods and services are produced, okay? Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 when interest rates were lowered to a level that was below the return on equity, it paid to have buybacks or to make acquisitions Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I can’t imagine it Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 the power of quantitative easing has largely been used up because that balloon has been expanded Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I could go on and on in listing little those things, but somebody’s got to take it on, right? Not checkable · 11 Nov 2018
Unresolvable Factual 11 Nov 2018 In 2018 the net wealth of the top 0.1% of the population equals that of the bottom 90% combined. Factual · 11 Nov 2018 Economics and markets
Unresolvable Factual 11 Nov 2018 Many of the principles and much of the research in Dalio's debt crisis book were written over a long period before the book, and policymakers asked him to write it for the 10th anniversary of the financial crisis. Factual · 11 Nov 2018 Their own work or organisation
Not checkable Not checkable 11 Nov 2018 Thank you for having me. It’s always a delight. Not checkable · 11 Nov 2018
Mostly true Factual 11 Nov 2018 After sanctions were imposed and tensions escalated, Japan took advantage of the European colonies in Asia being unable to defend themselves. Factual · 11 Nov 2018 Other global risks
Not checkable Not checkable 11 Nov 2018 The asset prices go first before the economy goes. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 the government debt and the corporate debt are the biggest problems. Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 I think big progress can be made Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 most important thing is to believe that we’re – there is a country that we are in it together, okay? Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 one of the things that used to bind us more together was certain Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 so there are two debt cycles I’m referring to, one is a short-term debt cycle Not checkable · 11 Nov 2018
Not checkable Not checkable 11 Nov 2018 Always new vehicles, and they grow in a very fast way Not checkable · 11 Nov 2018
Unresolvable Factual 1 Feb 2018 During transcendental meditation, the prefrontal cortex lights up and is enhanced. Factual · 1 Feb 2018 Science and research methods
Not checkable Not checkable 1 Feb 2018 We, as individuals, are just vessels for our DNA that’s evolving. Not checkable · 1 Feb 2018
Mostly true Factual 1 Feb 2018 Ray Dalio has practiced transcendental meditation since 1969. Factual · 1 Feb 2018 Their own work or organisation
Not checkable Not checkable 1 Feb 2018 In the case of cryptocurrencies, right now it’s not a very practical medium of exchange yet. Not checkable · 1 Feb 2018
Not researched Factual 1 Feb 2018 Studies show the highest correlation with happiness is being part of a community. Factual · 1 Feb 2018 Philosophy, ethics and society
Unresolvable Factual 1 Feb 2018 Ray Dalio walked onto the New York Stock Exchange floor expecting a collapse, and the stock market instead rose sharply. Factual · 1 Feb 2018 Economics and markets
Mostly true Factual 1 Feb 2018 Combining 15 uncorrelated bets reduces risk by over 80 percent. Factual · 1 Feb 2018 Economics and markets
Not checkable Not checkable 1 Feb 2018 Most of my learning has been from mistakes. Not checkable · 1 Feb 2018
Not checkable Not checkable 1 Feb 2018 The challenges that they have are then with their emotional you reconciling with their intellectual you. Not checkable · 1 Feb 2018
Not checkable Not checkable 1 Feb 2018 Generally speaking, all investments are competing. Not checkable · 1 Feb 2018
Not checkable Not checkable 1 Feb 2018 By the way, we beat them. Not checkable · 1 Feb 2018
Not checkable Not checkable 1 Feb 2018 I think for everyone, and for me at the time, when you encounter the mistake, you experience that pain, an emotional pain. Not checkable · 1 Feb 2018
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Ray Dalio

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“If you don’t have them, agree on them, and if you do have them, review how they are working and what should be changed to make them work well.”

Ray Dalio 3 March 2019 Post by @RayDalio on X, 2019-03-03 (X)

If you don’t have them, agree on them, and if you do have them, review how they are working and what should be changed to make them work…

Not checkable An opinion, value judgement or statement with nothing to check.

Cite this claim

Ray Dalio, “If you don’t have them, agree on them, and if you do have them, review how they are working and what should be changed to make them work…” (said 3 March 2019). Verdict: not checkable. Reliability API, claim c_2a9692ec9375, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_2a9692ec9375

Claims without a verdict

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