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.
RAY DALIOMore than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.
More Ray Dalio Quotes
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He who lives by the crystal ball will eat shattered glass.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
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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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If you don’t own Gold, you know neither history nor economics.
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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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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with 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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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Don’t worry about looking good – worry about achieving your goals.
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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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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.
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I notice a difference from the moment I meditate.
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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.
RAY DALIO