I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
RAY DALIOIn 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.
More Ray Dalio Quotes
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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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The media has the power to create an entrenched perception of reality that’s incorrect.
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Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.
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Forget about what the technology is. Just understand the motivation behind it.
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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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The more you think you know, the more closed-minded you’ll be.
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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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If you don’t own Gold, you know neither history nor economics.
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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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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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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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He who lives by the crystal ball will eat shattered glass.
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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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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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