Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions. Ray Dalio More Quotes by Ray Dalio More Quotes From Ray Dalio 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. Ray Dalio hard-times knowing mistake Sometimes we forge our own principles and sometimes we accept others' principles, or holistic packages of principles, such as religion and legal systems. While it isn't necessarily a bad thing to use others' principles - it's difficult to come up with your own, and often much wisdom has gone into those already created - adopting pre-packaged principles without much thought exposes you to the risk of inconsistency with your true values. Ray Dalio risk growth life If inflation-adjusted interest rates decline in a given country, its currency is likely to decline. Ray Dalio currency decline country Ironically, people who suppress the mini-confrontations for fear of conflict tend to have huge conflicts later, which can lead to separation, precisely because they let minor problems fester. On the other hand, people who address the mini-conflicts head-on in order to straighten things out tend to have the great, long-lasting relationships. Ray Dalio life order hands People who excel at book learning tend to call up from memory what they have learned in order to follow stored instructions. Others who are better at internalized learning use the thoughts that flow from their subconscious. The experienced skier doesn't recite instructions on how to ski and then execute them; rather, he does it well "without thinking," in the same way he breathes without thinking. Understanding these differences is essential. Ray Dalio memories life book Treat your life like a game. Ray Dalio treats games There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes. Ray Dalio growth giving life Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors. Ray Dalio reason doors way 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 Dalio team creative people 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. Ray Dalio work-out law life The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets. Ray Dalio important winning doe I think meditation has been the single biggest reason for whatever success Ive had Ray Dalio meditation reason thinking For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow. Ray Dalio mistake opportunity life 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. Ray Dalio knowing life thinking Meditation, more than any other factor, has been the reason for what success I've had. Ray Dalio has-beens meditation reason I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature's laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws. Ray Dalio law life believe There are two main drivers of asset class returns - inflation and growth. Ray Dalio growth class two The big question is: When will the term structure of interest rates change? That's the question to be worried about. Ray Dalio worried structure bigs I think if you look at the statistics and you deal with fake media - and fake media and distorted media is a continuum - the vast majority of the population says, "I don't know what to believe." There are no checks and balances in quality control. Ray Dalio media believe thinking I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day. Ray Dalio stressed tired meditation
