Successful people ask for the criticism of others and consider its merit.
RAY DALIOThere is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
More Ray Dalio Quotes
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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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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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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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That’s what I mean by radical truth. I mean accepting reality.
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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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Forget about what the technology is. Just understand the motivation behind it.
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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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I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right
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I think meditation has been the single biggest reason for whatever success Ive had.
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If you don’t own Gold, you know neither history nor economics.
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Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.
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There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging.
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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 faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.
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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.
RAY DALIO