Forget about what the technology is. Just understand the motivation behind it.
RAY DALIOThere is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
More Ray Dalio Quotes
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To make money in the markets, you have to think independently and be humble.
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A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic.
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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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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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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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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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When you’re centered, your emotions are not hijacking you.
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Like the saying goes, don’t believe everything you read.
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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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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.
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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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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 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.
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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.
RAY DALIO