The more you think you know, the more closed-minded you’ll be.
RAY DALIOThere is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
More Ray Dalio Quotes
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.
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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
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Since the only way you are going to find solutions to painful problems is by thinking deeply about them – i.e., reflecting – if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.
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I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit). When you excel at it, you will find your ability to get what you want thrilling.
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It’s more important to do big things well than to do small things perfectly.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
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What matters most is that the people you work with share your values.
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When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
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The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
RAY DALIO