I think meditation has been the single biggest reason for whatever success Ive had.
RAY DALIOCompetitiveness 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.
More Ray Dalio Quotes
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If you don’t own Gold, you know neither history nor economics.
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An economy is not a complicated thing; it just has a lot of moving parts.
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The more you think you know, the more closed-minded you’ll be.
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The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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To make money in the markets, you have to think independently and be humble.
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Like the saying goes, don’t believe everything you read.
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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don’t face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
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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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Everyone has to decide for themselves what works for them and their organization.
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I don’t think individual media outlets will regulate. There are such things as self-regulatory organizations that will look at the members of the industry and their behavior and establish standards of behavior.
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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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Almost everything is like a machine.
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The media has the power to create an entrenched perception of reality that’s incorrect.
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In the end, what matters most is that the people you work with share your values, so I’ve wanted people who value the meaningful work and meaningful relationships that always motivated me in building Bridgewater.
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When you’re centered, your emotions are not hijacking you.
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