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.
RAY DALIOThere 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.
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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Don’t worry about looking good – worry about achieving your goals.
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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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Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.
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Successful people ask for the criticism of others and consider its merit.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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There are far more good answers “out there” than there are in you.
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There are two main drivers of asset class returns – inflation and growth.
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Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.
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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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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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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.
RAY DALIO