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.
RAY DALIOTreat your life like a game.
More Ray Dalio Quotes
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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.
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Everyone has to decide for themselves what works for them and their organization.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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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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The more you think you know, the more closed-minded you’ll be.
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Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
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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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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.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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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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Some people seek to understand, and some people seek to portray what they want to portray.
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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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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.
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