I think so many people are reactive… they see things in a short term way they’re right up against it.
RAY DALIOForget about what the technology is. Just understand the motivation behind it.
More Ray Dalio Quotes
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Almost everything is like a machine.
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I’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.
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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 are far more good answers “out there” than there are in 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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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 notice a difference from the moment I meditate.
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What matters most is that the people you work with share your values.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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It all comes down to interest rates. As an investor, all you’re doing is putting up a lump-sump payment for a future cash flow.
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When two intelligent parties disagree, that’s when the potential for learning and moving ahead begins.
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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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If you don’t own Gold, you know neither history nor economics.
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Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.
RAY DALIO