Successful people ask for the criticism of others and consider its merit.
RAY DALIOWatch out for people who think it’s embarrassing not to know.
More Ray Dalio Quotes
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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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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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By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.
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Forget about what the technology is. Just understand the motivation behind it.
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There are far more good answers “out there” than there are in you.
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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.
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It all comes down to interest rates. As an investor, all you’re doing is putting up a lump-sump payment for a future cash flow.
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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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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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It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.
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To make money in the markets, you have to think independently and be humble.
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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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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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Almost everything is like a machine.
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