Be wary of the arrogant intellectual who comments from the stands without having played on the field.
RAY DALIOLook 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.
More Ray Dalio Quotes
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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.
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The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
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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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There are two main drivers of asset class returns – inflation and growth.
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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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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 any other factor, has been the reason for what success I’ve had.
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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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I notice a difference from the moment I meditate.
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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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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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When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
RAY DALIO