Forget about what the technology is. Just understand the motivation behind it.
RAY DALIOThough 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.
More Ray Dalio Quotes
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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
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When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation’s lower than expected, bonds go up.
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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 also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
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Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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Some people seek to understand, and some people seek to portray what they want to portray.
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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.
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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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There are far more good answers “out there” than there are in you.
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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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Don’t worry about looking good – worry about achieving your goals.
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Successful people ask for the criticism of others and consider its merit.
RAY DALIO