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.
RAY DALIOThere 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.
More Ray Dalio Quotes
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I think meditation has been the single biggest reason for whatever success Ive had.
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It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.
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That’s what I mean by radical truth. I mean accepting reality.
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I notice a difference from the moment I meditate.
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Like the saying goes, don’t believe everything you read.
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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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Some people seek to understand, and some people seek to portray what they want to portray.
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By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.
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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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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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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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The media has the power to create an entrenched perception of reality that’s incorrect.
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There are two main drivers of asset class returns – inflation and growth.
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The more you think you know, the more closed-minded you’ll be.
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I believe that for the most part, achieving success – whatever that is for you – is mostly a matter of personal choice and that, initially, making the right choices can be difficult.
RAY DALIO