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 DalioRead
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.
Interpretation
Ray Dalio emphasizes the importance of giving away wealth to effective programs that help people.
In this quote, Ray Dalio expresses his intention to donate a significant portion of his wealth, suggesting that he would prefer to see his money used for social good through the government, provided they implement effective programs akin to charitable organizations. He believes in philanthropy as a means to make a positive impact and advocates for the responsible allocation of funds to maximize their benefit to society.
In practice
This quote can be used during a charity fundraiser to encourage donations.
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.
There are two main drivers of asset class returns - inflation and growth.
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
Meditation more than anything in my life was the biggest ingredient of whatever success I've had.
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
The most helpful piece of advice that I could give to anybody is to select a charity, or create a charity, that you really feel passionate about and if you do, don't give up.
Although I don't have a prescription for what others should do, I know I have been very fortunate and feel a responsibility to give back to society in a very significant way.
Philanthropy is involved with basic innovations that transform society, not simply maintaining the status quo or filling basic social needs that were formerly the province of the public sector.
My mom was on the United Way group that decides how to allocate the money and looks at all the different charities and makes the very hard decisions about where that pool of funds is going to go.
Effective philanthropy requires a lot of time and creativity - the same kind of focus and skills that building a business requires.
Philanthropy, charity, giving voluntarily and freely... call it what you like, but it is truly a jewel of an American tradition.
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