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Kenshin's avatar
Kenshin 1 year ago
“By and large, is the level in which you need to understand most things in order to make effective decisions. Whenever a big picture by in large statement is made and someone replies “not always” my instinctual reaction is that we’re probably about to dive into the weeds; that is a discussion of the exceptions rather than the rule and in the process we will lose site of the rule. To help people at Bridgewater avoid this time-waster, I often repeat this coined phrase: When you ask someone whether something is true and they tell you that it’s not totally true, it’s probably by in large true.” - Ray Dalio