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.
RAY DALIOWhat matters most is that the people you work with share your values.
More Ray Dalio Quotes
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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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The media has the power to create an entrenched perception of reality that’s incorrect.
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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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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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Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.
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Constantly probe the people who report to you, and encourage them to probe you.
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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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There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
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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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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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There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.
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I notice a difference from the moment I meditate.
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It’s more important to do big things well than to do small things perfectly.
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Successful people ask for the criticism of others and consider its merit.
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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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