Successful people ask for the criticism of others and consider its merit.
RAY DALIOWhen you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
More Ray Dalio Quotes
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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.
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Don’t worry about looking good – worry about achieving your goals.
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Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.
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Everyone has to decide for themselves what works for them and their organization.
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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
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That’s what I mean by radical truth. I mean accepting reality.
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Almost everything is like a machine.
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I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
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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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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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An economy is not a complicated thing; it just has a lot of moving parts.
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There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging.
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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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It’s more important to do big things well than to do small things perfectly.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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