I think it is in the nature of individuals and individual entities not to self-correct. Ray Dalio More Quotes by Ray Dalio More Quotes From Ray Dalio Radical transparency is critical to having an idea meritocracy because it shows what's actually happening without spin and prevents people from maneuvering politically behind each others' backs. It brings problems and weaknesses to the surface and allows people to see how they are dealt with, so it's great for training people on how to deal with real problems. Ray Dalio realpeopleideas I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people. Ray Dalio governmentbelievepeople I found that whenever I encountered a situation, rather than just reacting to it, it was tremendously useful to think carefully about how I should react to it and other situations like it. Besides providing me with more thoughtful responses in each of these cases, approaching things this way provided me and others with guidance on how to deal with similar situations when they came up in the future. Ray Dalio thoughtfulwaythinking I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions. Ray Dalio peopleideasthinking Meditation gives you two things: equanimity and creativity. And it does that by taking one from their conscious mind, where there's all that noise and chaos and so on, into the subconscious mind where there's quiet and where creativity emanates from. You have a mantra, and when you repeat it over and over again, all those thoughts go away because you shift them to that mantra. And then eventually that sound disappears, and then you're left not conscious or unconscious - you're left in this subconscious state, and by opening that up, first of all you get control of it. Ray Dalio creativitymeditationgiving Success is not in obtaining the thing. Because there's always another thing. And then you look back on it, and for me, through my evolution, yes I have success by most measures - but for me, when it comes to the greatest joy of reward, there's an emotional element and there's an intellectual element. Emotionally, my greatest joy was the personal relationships I've had. That was the greatest joy. Intellectually, my satisfaction was that I do feel I've evolved well and I'm doing my best to contribute toward evolution. Ray Dalio emotionalintellectualjoy One of the things meditation gives you is creativity because creativity really comes from the subconscious brain - intuition, imagination - so it's not like you can go there and say, I'm going to go be creative now. Maybe you can, but the real way you get creativity is, you know, you're taking a hot shower and great ideas come to you from the subconscious. Essentially, meditation opens a pipeline between the conscious and the subconscious. Ray Dalio creativityrealgiving The meaningful work and the meaningful relationships are, to me, comparable rewards. I think being on a mission to do something great is great, and to be on that mission with people who you have really meaningful relationships with not only provides both types of rewards, but it's mutually supportive. Because you can have tough love, but there's also the love part of that in terms of the caring for each other, and when you have the caring you can be tougher on each other. Some people describe it as an intellectual Navy Seals. Ray Dalio caringmeaningfulthinking This is my year of transition from what I'm calling the second phase of my life to the third phase of my life. And I wanted to pass it along. What I mean by that is, in the first days of your life you're dependent on others and you learn. You're basically a kid, depending on your parents. In the second phase of your life, you're working and others are dependent on you and you're trying to be successful. And then when you go to the third phase of your life it's no longer as much of a kick to be successful. There's a natural, instinctual desire to help other people be successful. Ray Dalio successfulmeankids Some people seek to understand, and some people seek to portray what they want to portray. Ray Dalio wantpeople We don't know what truth is anymore. You or other media people can say there's no problem, but you're losing your credibility. There's distortion, and it's hurting our society. And as a result of that, there will be forces that, one way or another, are going to naturally bring that into equilibrium. Ray Dalio mediahurtpeople I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments. Ray Dalio argumentproblemthinking I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility. Ray Dalio united-statespresidentthinking You have to put yourself in my shoes as a person who believes in radical truth and in being radically transparent, not in seeing things through somebody else's eyes. Ray Dalio shoeseyebelieve I do think people need to recognize that a lot of journalists want to write a story a certain way because the story will be better or the portrayal will be better, or at least recognize that whenever you're looking at something, you're seeing it through somebody's eyes who may actually not be the person who is the most insightful. Ray Dalio eyewritingthinking I'm scared of people with power making the decision. Ray Dalio scareddecisionpeople Forget about what the technology is. Just understand the motivation behind it. Ray Dalio technologymotivationforget We don't have ways of resolving the arguments in idea meritocratic way. Ray Dalio argumentwayideas Each person assesses each other person's credibility on different dimensions, because people are strong and weak in different things. Ray Dalio differentstrongpeople I think the media argues all the time with itself. Ray Dalio mediaarguingthinking
