I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
RAY DALIOI’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.
More Ray Dalio Quotes
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An economy is not a complicated thing; it just has a lot of moving parts.
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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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Treat your life like a game.
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Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.
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He who lives by the crystal ball will eat shattered glass.
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Don’t worry about looking good – worry about achieving your goals.
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What matters most is that the people you work with share your values.
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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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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater.
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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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Life 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.
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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.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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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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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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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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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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There are two main drivers of asset class returns – inflation and growth.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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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 far more good answers “out there” than there are in you.
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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.
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When you’re centered, your emotions are not hijacking you.
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