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.
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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The media has the power to create an entrenched perception of reality that’s incorrect.
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Treat your life like a game.
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There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
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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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Like the saying goes, don’t believe everything you read.
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An economy is not a complicated thing; it just has a lot of moving parts.
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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.
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The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
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I notice a difference from the moment I meditate.
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Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit). When you excel at it, you will find your ability to get what you want thrilling.
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It’s more important to do big things well than to do small things perfectly.
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I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
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What matters most is that the people you work with share your values.
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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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He who lives by the crystal ball will eat shattered glass.
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