If you have the power to see things through somebody else’s eyes, it’s like going from black and white to color or two dimensions to three dimensions.
RAY DALIOI could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
More Ray Dalio Quotes
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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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School typically doesn’t prepare young people for real life – unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life.
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To make money in the markets, you have to think independently and be humble.
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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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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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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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There are two main drivers of asset class returns – inflation and growth.
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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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An economy is not a complicated thing; it just has a lot of moving parts.
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Since 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.
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Treat your life like a game.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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