What matters most is that the people you work with share your values.
RAY DALIOI believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.
More Ray Dalio Quotes
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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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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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Like the saying goes, don’t believe everything you read.
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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’re centered, your emotions are not hijacking you.
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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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The more you think you know, the more closed-minded you’ll be.
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People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.
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The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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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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If you don’t own Gold, you know neither history nor economics.
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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
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People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
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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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