Be wary of the arrogant intellectual who comments from the stands without having played on the field.
RAY DALIOPeople 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.
More Ray Dalio Quotes
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I’d like to be clear that a number of people find me intolerable, and they don’t hesitate to say so – which they and I cherish.
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Forget about what the technology is. Just understand the motivation behind it.
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There is nothing to fear from truth….Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
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I think meditation has been the single biggest reason for whatever success Ive had.
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Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
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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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Successful people ask for the criticism of others and consider its merit.
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To make money in the markets, you have to think independently and be humble.
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He who lives by the crystal ball will eat shattered glass.
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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The big question is: When will the term structure of interest rates change? That’s the question to be worried about.
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The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!
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That’s what I mean by radical truth. I mean accepting reality.
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In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.
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There are two main drivers of asset class returns – inflation and growth.
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