There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
RAY DALIOA beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic.
More Ray Dalio Quotes
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Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
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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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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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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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There are far more good answers “out there” than there are in you.
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Almost everything is like a machine.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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The more you think you know, the more closed-minded you’ll be.
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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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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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That’s what I mean by radical truth. I mean accepting reality.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
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