I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don’t have a process for properly examining these ideas to find out what’s true. That creates a world of distortions.
RAY DALIOPeople who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
More Ray Dalio Quotes
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Some people seek to understand, and some people seek to portray what they want to portray.
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In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.
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In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater.
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When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
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I think meditation has been the single biggest reason for whatever success Ive had.
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Don’t worry about looking good – worry about achieving your goals.
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If you don’t own Gold, you know neither history nor economics.
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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.
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He who lives by the crystal ball will eat shattered glass.
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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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When you’re centered, your emotions are not hijacking you.
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Some 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.
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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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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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Everyone has to decide for themselves what works for them and their organization.
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