To make money in the markets, you have to think independently and be humble.
RAY DALIOTo make money in the markets, you have to think independently and be humble.
More Ray Dalio Quotes
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When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation’s lower than expected, bonds go up.
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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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Almost everything is like a machine.
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He who lives by the crystal ball will eat shattered glass.
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You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
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I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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I’ve learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective.
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The more you think you know, the more closed-minded you’ll be.
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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
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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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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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I think meditation has been the single biggest reason for whatever success Ive had.
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Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.
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