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.
RAY DALIOThe big question is: When will the term structure of interest rates change? That’s the question to be worried about.
More Ray Dalio Quotes
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Meditation, more than any other factor, has been the reason for what success I’ve had.
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Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don’t know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don’t.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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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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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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Almost everything is like a machine.
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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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Some people seek to understand, and some people seek to portray what they want to portray.
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To make money in the markets, you have to think independently and be humble.
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The more you think you know, the more closed-minded you’ll be.
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He who lives by the crystal ball will eat shattered glass.
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Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods.
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School typically doesn’t prepare young people for real life – unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life.
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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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I notice a difference from the moment I meditate.
RAY DALIO