The more you think you know, the more closed-minded you’ll be.
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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The media has the power to create an entrenched perception of reality that’s incorrect.
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Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
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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.
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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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When you’re centered, your emotions are not hijacking you.
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He who lives by the crystal ball will eat shattered glass.
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I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I’ll come out of it refreshed and centered and that’s how I’ll feel and it’ll carry through the day.
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If you don’t own Gold, you know neither history nor economics.
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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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Don’t worry about looking good – worry about achieving your goals.
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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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There are far more good answers “out there” than there are in you.
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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).
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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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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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