There are two main drivers of asset class returns – inflation and growth.
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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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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The media has the power to create an entrenched perception of reality that’s incorrect.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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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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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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Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
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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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Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
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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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I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
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It’s more important to do big things well than to do small things perfectly.
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What matters most is that the people you work with share your values.
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Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit). When you excel at it, you will find your ability to get what you want thrilling.
RAY DALIO