Ray Dalio
@RayDalio
Official account of Ray Dalio, founder of Bridgewater Associates, author of #1# New York Times bestseller 'Principles,' professional mistake maker
Joined August 2009
93 Following 2.5M Followers
The most common mistake smart investors make is not having a clear game plan.
To build a solid strategy, write down your criteria for making a decision, then stress-test it against history. Every time you make a decision, go back and ask: “If I made that decision under these circumstances in the past, how would it have worked?”
Knowing the track record of your decision-making criteria gives you a much deeper understanding of how things actually work.
Credit: Sam Parr, Shaan Puri, and My First Million
#Investing# #Principles# #RayDalio# #FinancialWisdom#
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