Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.
RAY DALIOOnce 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.
More Ray Dalio Quotes
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The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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It all comes down to interest rates. As an investor, all you’re doing is putting up a lump-sump payment for a future cash flow.
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There are far more good answers “out there” than there are in you.
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Don’t worry about looking good – worry about achieving your goals.
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Forget about what the technology is. Just understand the motivation behind it.
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
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Treat your life like a game.
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I notice a difference from the moment I meditate.
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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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To make money in the markets, you have to think independently and be humble.
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It’s more important to do big things well than to do small things perfectly.
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By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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What matters most is that the people you work with share your values.
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