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?
There are basically two types of people. People who accomplish things, and people who claim to have accomplished things. The first group is less crowded.
Put in the superlatives yourselves, I'm running out. It's already been a while now that he has been outstanding. He's more than decisive in every way. That he's capable of doing everything that he does at his age is something impressive, that doesn't make any sense.
If a man has wealth, he has to make a choice, because there is the money heaping up. He can keep it together in a bunch, and then leave it for others to administer after he is dead. Or he can get it into action and have fun, while he is still alive. I prefer getting it into action and adapting it to human needs, and making the plan work.
I believe God wants you to have money to pay your bills, send your kids to college and do charity work and build orphanages. There's the teaching that we're supposed to be poor to show that we're humble. I don't buy that. I think we're supposed to be leaders. We're supposed to excel.
I hope so. God, I've practiced so much that I you don't want to be worse five years later. I feel I have a great game today. I know how hard it is to pull off those great shots, and I know how easy it is to miss, so I'm more aware of these things. But I'm so happy I'm at the age I am right now because I had such a great run and I know there's still more possible.
Failure is not the opposite of success; it's part of success.
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