The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
RAY DALIOI think so many people are reactive… they see things in a short term way they’re right up against it.
More Ray Dalio Quotes
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You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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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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If you have the power to see things through somebody else’s eyes, it’s like going from black and white to color or two dimensions to three dimensions.
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To make money in the markets, you have to think independently and be humble.
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I think so many people are reactive… they see things in a short term way they’re right up against it.
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What matters most is that the people you work with share your values.
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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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Watch out for people who think it’s embarrassing not to know.
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When you’re centered, your emotions are not hijacking you.
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Treat your life like a game.
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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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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 think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don’t have a process for properly examining these ideas to find out what’s true. That creates a world of distortions.
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I’d like to be clear that a number of people find me intolerable, and they don’t hesitate to say so – which they and I cherish.
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