An economy is not a complicated thing; it just has a lot of moving parts.
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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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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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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Treat your life like a game.
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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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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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If you don’t own Gold, you know neither history nor economics.
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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 are two main drivers of asset class returns – inflation and growth.
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To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.
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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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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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It’s more important to do big things well than to do small things perfectly.
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Almost everything is like a machine.
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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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