Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.
RAY DALIO
RAY DALIO
Ray Dalio on evidence
“Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.”
More Ray Dalio quotes
Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio 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 DalioRay Dalio There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
Ray DalioRay Dalio There are two main drivers of asset class returns – inflation and growth.
Ray DalioRay Dalio He who lives by the crystal ball will eat shattered glass.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio I think so many people are reactive… they see things in a short term way they’re right up against it.
Ray DalioRay Dalio Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.
Ray DalioRay Dalio I notice a difference from the moment I meditate.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio 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 DalioRay Dalio I’d like to be clear that a number of people find me intolerable, and they don’t hesitate to say so – which they and I cherish.
Ray DalioRay Dalio When you’re centered, your emotions are not hijacking you.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio 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.
Ray DalioRay Dalio