By and large, life will give you what you deserve and it doesn’t give a damn what you like. So it is up to you to take full responsibility to connect what you want with what you need to do to get it, and then to do those things.
RAY DALIOAn economy is not a complicated thing; it just has a lot of moving parts.
More Ray Dalio Quotes
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To be successful, we need everyone to think independently and work through disagreement to decide what’s best.
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Treat your life like a game.
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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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Meditation, more than any other factor, has been the reason for what success I’ve had.
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People 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.
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To make money in the markets, you have to think independently and be humble.
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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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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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Everyone has to decide for themselves what works for them and their organization.
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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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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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Though how nature works is way beyond man’s ability to comprehend, I have found that observing how nature works offers innumerable lessons that can help us understand the realities that affect us.
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Some people seek to understand, and some people seek to portray what they want to portray.
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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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Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.
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