It’s more important to do big things well than to do small things perfectly.
RAY DALIOThere are far more good answers “out there” than there are in you.
More Ray Dalio Quotes
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To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.
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Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.
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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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Constantly probe the people who report to you, and encourage them to probe you.
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There are two main drivers of asset class returns – inflation and growth.
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The more you think you know, the more closed-minded you’ll be.
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If you have the power to see things through somebody else’s eyes, it’s like going from black and white to color or two dimensions to three dimensions.
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If you don’t own Gold, you know neither history nor economics.
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People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
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Successful people ask for the criticism of others and consider its merit.
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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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In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.
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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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Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.
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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.
RAY DALIO