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 DALIOSome people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
More Ray Dalio Quotes
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Watch out for people who think it’s embarrassing not to know.
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There is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
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Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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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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He who lives by the crystal ball will eat shattered glass.
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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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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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The more you think you know, the more closed-minded you’ll be.
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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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Everyone has to decide for themselves what works for them and their organization.
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There are two main drivers of asset class returns – inflation and growth.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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