Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
RAY DALIOWatch out for people who think it’s embarrassing not to know.
More Ray Dalio Quotes
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Since the only way you are going to find solutions to painful problems is by thinking deeply about them – i.e., reflecting – if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.
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I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
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I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
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It’s more important to do big things well than to do small things perfectly.
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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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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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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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The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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To make money in the markets, you have to think independently and be humble.
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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 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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An economy is not a complicated thing; it just has a lot of moving parts.
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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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