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.
RAY DALIOTreat your life like a game.
More Ray Dalio Quotes
-
-
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
RAY DALIO -
Almost everything is like a machine.
RAY DALIO -
The more you think you know, the more closed-minded you’ll be.
RAY DALIO -
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.
RAY DALIO -
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
RAY DALIO -
The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
RAY DALIO -
Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
RAY DALIO -
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!
RAY DALIO -
I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
RAY DALIO -
Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
RAY DALIO -
There is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
RAY DALIO -
Meditation, more than any other factor, has been the reason for what success I’ve had.
RAY DALIO -
If you don’t own Gold, you know neither history nor economics.
RAY DALIO -
To make money in the markets, you have to think independently and be humble.
RAY DALIO -
When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
RAY DALIO