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
To make money in the markets, you have to think independently and be humble.
Interpretation
Success in the markets requires independent thinking combined with humility.
This quote by Ray Dalio emphasizes the importance of independent thought and humility in achieving success in financial markets. While many are influenced by trends and popular opinions, true success comes from the ability to think critically and make decisions based on one's own analysis, all while remaining humble about the unpredictable nature of the markets.
In practice
During a financial workshop, you might share this quote to inspire participants to trust their analysis.
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?
If you get into entrepreneurshi p driven by profit, you are a lot more likely to fail. The entrepreneurs who succeed usually want to make a difference to peopleβs lives, not just their own bank balances. The desire to change things for the better is the motivation for taking risks and pursuing seemingly impossible business ideas.
I love what I do for a living, it's the greatest job in the world, but you have to survive an awful lot of attention that you don't truly deserve and you have to live up to your professional responsibilities and I'm always trying to balance that with what is really important.
I think the combination of graduate education in a field like Computer Science and the opportunity to apply this in a work environment like Microsoft is what drove me. The impact these opportunities create can lead to work that has broad, worldwide impact.
I couldn't find the sports car of my dreams, so I built it myself.
Couple years ago I was No. 7 and I ended up top. So I kind of like the position that I'm at right now. It's hot.
I think many start-ups make mistakes because they are focusing on things that are farther ahead, and they haven't done the work that has built the foundation to support it.
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