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
Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
Interpretation
Financial success often correlates with the value one provides to society.
In this quote, Ray Dalio emphasizes the connection between wealth creation and fulfilling societal needs. He suggests that individuals who achieve significant financial success typically do so by producing goods or services that society demands, indicating that economic prosperity is often a reflection of one's contribution to the greater good.
In practice
In a business seminar to emphasize the importance of creating value.
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 itβs 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?
I'm going to win it for my country. I'm the first Aboriginal to win this. Isn't that something? I wish my Dad was alive to see it. He'd be as proud as I am.
Entrepreneurs constantly confuse what they do with who they are. We're all certainly responsible for what we do, but failing doesn't make us bad people and succeeding doesn't make us omniscient.
To see a thing clearly in the mind makes it begin to take form.
Creating value isn't enough - you also need to capture some of the value you create.
Your success stops where your character stops. You can never rise above the limitations of your character.
The truth is that intelligence, knowledge, and domain expertise are vastly overrated as the driving forces behind competitive advantage and sustainable success.
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