The media has the power to create an entrenched perception of reality that’s incorrect.
RAY DALIOMeditation, more than any other factor, has been the reason for what success I’ve had.
More Ray Dalio Quotes
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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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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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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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Watch out for people who think it’s embarrassing not to know.
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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 don’t own Gold, you know neither history nor economics.
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I’ve learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective.
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I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.
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I think so many people are reactive… they see things in a short term way they’re right up against it.
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To make money in the markets, you have to think independently and be humble.
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In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.
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I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
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That’s what I mean by radical truth. I mean accepting reality.
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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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