To make money in the markets, you have to think independently and be humble.
RAY DALIOWatch out for people who think it’s embarrassing not to know.
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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There are far more good answers “out there” than there are in you.
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Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.
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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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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
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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 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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Constantly probe the people who report to you, and encourage them to probe you.
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School typically doesn’t prepare young people for real life – unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life.
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I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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Almost everything is like a machine.
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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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Watch out for people who think it’s embarrassing not to know.
RAY DALIO