When you’re centered, your emotions are not hijacking you.
RAY DALIOThe media has the power to create an entrenched perception of reality that’s incorrect.
More Ray Dalio Quotes
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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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The more you think you know, the more closed-minded you’ll be.
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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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Some people seek to understand, and some people seek to portray what they want to portray.
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I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
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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 believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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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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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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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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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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To make money in the markets, you have to think independently and be humble.
RAY DALIO