An economy is not a complicated thing; it just has a lot of moving parts.
RAY DALIOSince the only way you are going to find solutions to painful problems is by thinking deeply about them – i.e., reflecting – if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning/evolving.
More Ray Dalio Quotes
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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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He who lives by the crystal ball will eat shattered glass.
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Treat your life like a game.
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Meditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja – in a calm thoughtful way. When you’re centered, your emotions are not hijacking you.
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Successful people ask for the criticism of others and consider its merit.
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Like the saying goes, don’t believe everything you read.
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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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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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Everyone has to decide for themselves what works for them and their organization.
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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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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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Be wary of the arrogant intellectual who comments from the stands without having played on the field.
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Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
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The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
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Watch out for people who think it’s embarrassing not to know.
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