I think meditation has been the single biggest reason for whatever success Ive had.
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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Constantly probe the people who report to you, and encourage them to probe you.
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When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
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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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That’s what I mean by radical truth. I mean accepting reality.
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There are far more good answers “out there” than there are in you.
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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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An economy is not a complicated thing; it just has a lot of moving parts.
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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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Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
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There are two main drivers of asset class returns – inflation and growth.
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People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.
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Everyone has to decide for themselves what works for them and their organization.
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It’s more important to do big things well than to do small things perfectly.
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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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I’ve learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective.
RAY DALIO