Be wary of the arrogant intellectual who comments from the stands without having played on the field.
RAY DALIOForget about what the technology is. Just understand the motivation behind it.
More Ray Dalio Quotes
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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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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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There 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.
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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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Watch out for people who think it’s embarrassing not to know.
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Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit). When you excel at it, you will find your ability to get what you want thrilling.
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Forget about what the technology is. Just understand the motivation behind it.
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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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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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He who lives by the crystal ball will eat shattered glass.
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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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That’s what I mean by radical truth. I mean accepting reality.
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If you don’t own Gold, you know neither history nor economics.
RAY DALIO