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.
RAY DALIOLike the saying goes, don’t believe everything you read.
More Ray Dalio Quotes
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Some people seek to understand, and some people seek to portray what they want to portray.
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Remember that experience creates internalization. Doing things repeatedly leads to internalization, which produces a quality of understanding that is generally vastly superior to intellectualized learning.
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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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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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Don’t worry about looking good – worry about achieving your goals.
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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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An economy is not a complicated thing; it just has a lot of moving parts.
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I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature’s laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.
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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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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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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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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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I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I’ll come out of it refreshed and centered and that’s how I’ll feel and it’ll carry through the day.
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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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There are two main drivers of asset class returns – inflation and growth.
RAY DALIO