If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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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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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The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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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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Treat your life like a game.
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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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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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Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
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That’s what I mean by radical truth. I mean accepting reality.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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When you’re centered, your emotions are not hijacking you.
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The more you think you know, the more closed-minded you’ll be.
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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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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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Almost everything is like a machine.
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