It’s more important to do big things well than to do small things perfectly.
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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The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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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!
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Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.
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I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
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That’s what I mean by radical truth. I mean accepting reality.
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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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There are two main drivers of asset class returns – inflation and growth.
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What matters most is that the people you work with share your values.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
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Don’t worry about looking good – worry about achieving your goals.
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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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It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.
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