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 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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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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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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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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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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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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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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Forget about what the technology is. Just understand the motivation behind it.
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When 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.
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Almost everything is like a machine.
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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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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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If you don’t own Gold, you know neither history nor economics.
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There are two main drivers of asset class returns – inflation and growth.
RAY DALIO