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 DALIOI’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.
More Ray Dalio Quotes
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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.
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The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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Some people seek to understand, and some people seek to portray what they want to portray.
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It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.
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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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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.
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People who worry about looking good typically hide what they don’t know and hide their weaknesses, so they never learn how to properly deal with them and these weaknesses remain impediments in the future.
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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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I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
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Constantly probe the people who report to you, and encourage them to probe you.
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Everyone has to decide for themselves what works for them and their organization.
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Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
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Watch out for people who think it’s embarrassing not to know.
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I’m going to give away a lot more than half my money. I’d be happy to give that to the government if the government put together programs that were like I’m giving away to charity, in which I believe the money is effectively used to help people.
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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.
RAY DALIO