I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
RAY DALIODon’t worry about looking good – worry about achieving your goals.
More Ray Dalio Quotes
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You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.
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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
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It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.
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There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful deleveraging.
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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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When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation’s lower than expected, bonds go up.
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Some people seek to understand, and some people seek to portray what they want to portray.
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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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To make money in the markets, you have to think independently and be humble.
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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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Almost everything is like a machine.
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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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I notice a difference from the moment I meditate.
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When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
RAY DALIO