What matters most is that the people you work with share your values.
RAY DALIOThere are two main drivers of asset class returns – inflation and growth.
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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Treat your life like a game.
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If you have the power to see things through somebody else’s eyes, it’s like going from black and white to color or two dimensions to three dimensions.
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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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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.
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I notice a difference from the moment I meditate.
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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.
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Constantly probe the people who report to you, and encourage them to probe you.
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Like the saying goes, don’t believe everything you read.
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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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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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A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic.
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I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don’t have a process for properly examining these ideas to find out what’s true. That creates a world of distortions.
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There are two main drivers of asset class returns – inflation and growth.
RAY DALIO