Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can’t stand it.
RAY DALIOLife 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.
More Ray Dalio Quotes
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Like the saying goes, don’t believe everything you read.
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That’s what I mean by radical truth. I mean accepting reality.
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I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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It’s more important to do big things well than to do small things perfectly.
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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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More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.
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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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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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Treat your life like a game.
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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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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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I notice a difference from the moment I meditate.
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There are two main drivers of asset class returns – inflation and growth.
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People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
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