Ray Dalio on economics
Ray Dalio89 quotes“If you don’t own Gold, you know neither history nor economics.”
More from Ray Dalio
It’s more important to do big things well than to do small things perfectly.
Ray DalioRay Dalio Some people seek to understand, and some people seek to portray what they want to portray.
Ray DalioRay Dalio I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
Ray DalioRay Dalio That’s what I mean by radical truth. I mean accepting reality.
Ray DalioRay Dalio A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic.
Ray DalioRay Dalio School typically doesn’t prepare young people for real life – unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life.
Ray DalioRay Dalio Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
Ray DalioRay Dalio Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.
Ray DalioRay Dalio I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.
Ray DalioRay Dalio More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.
Ray DalioRay Dalio Everyone has to decide for themselves what works for them and their organization.
Ray DalioRay Dalio There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
Ray DalioRay Dalio Watch out for people who think it’s embarrassing not to know.
Ray DalioRay Dalio 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 DalioRay Dalio There is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio
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More on economics
What we are going to do as Democrats is put together a really strong platform that focuses on jobs and economic issues.
Charles SchumerCharles Schumer The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
George SorosGeorge Soros The people who are filing for bankruptcy in increasing numbers every year, it’s not the poorest. It’s not the people at the economic fringes. It’s people who worked hard and played by the rules.
Elizabeth WarrenElizabeth Warren But these days there are a lot of younger people who would like to go into teaching but don’t because the economic opportunities are sometimes elsewhere.
Charles SchumerCharles Schumer We have always known that heedless self interest was bad morals, we now know that it is bad economics.
Franklin D. RooseveltFranklin D. Roosevelt Studying economics is not a good preparation for dealing with it.
George SorosGeorge Soros An economic message, an economic platform unites the factory worker in Scranton, the young woman in Los Angeles struggling to pay her college debt and the single mom in Buffalo who’s on minimum wage.
Charles SchumerCharles Schumer Today we have the economic collapse that the whole planet is suffering, but there is hope, and that’s what’s going to keep us moving ahead.
George TakeiGeorge Takei
