That’s what I mean by radical truth. I mean accepting reality.
RAY DALIOSome people seek to understand, and some people seek to portray what they want to portray.
More Ray Dalio Quotes
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There are two main drivers of asset class returns – inflation and growth.
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I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I’ll come out of it refreshed and centered and that’s how I’ll feel and it’ll carry through the day.
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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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Watch out for people who think it’s embarrassing not to know.
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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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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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He who lives by the crystal ball will eat shattered glass.
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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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In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater.
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If you have the power to see things through somebody else’s eyes, it’s like going from black and white to color or two dimensions to three dimensions.
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It’s more important to do big things well than to do small things perfectly.
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When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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