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 DALIOSince the only way you are going to find solutions to painful problems is by thinking deeply about them – i.e., reflecting – if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.
More Ray Dalio Quotes
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Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
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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 also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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It’s more important to do big things well than to do small things perfectly.
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Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.
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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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Constantly probe the people who report to you, and encourage them to probe you.
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I’m going to give away a lot more than half my money. I’d be happy to give that to the government if the government put together programs that were like I’m giving away to charity, in which I believe the money is effectively used to help people.
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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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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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An economy is not a complicated thing; it just has a lot of moving parts.
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There are two main drivers of asset class returns – inflation and growth.
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He who lives by the crystal ball will eat shattered glass.
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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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