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.
RAY DALIOThere 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.
More Ray Dalio Quotes
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People 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.
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When you’re centered, your emotions are not hijacking you.
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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 big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
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People who worry about looking good typically hide what they don’t know and hide their weaknesses, so they never learn how to properly deal with them and these weaknesses remain impediments in the future.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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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 believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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There are two main drivers of asset class returns – inflation and growth.
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Some people seek to understand, and some people seek to portray what they want to portray.
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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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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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The more you think you know, the more closed-minded you’ll be.
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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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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.
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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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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Constantly probe the people who report to you, and encourage them to probe you.
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There are far more good answers “out there” than there are in you.
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What matters most is that the people you work with share your values.
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It all comes down to interest rates. As an investor, all you’re doing is putting up a lump-sump payment for a future cash flow.
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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’s more important to do big things well than to do small things perfectly.
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