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?
I've seen enough successful writers who no longer seem to care when they are recognized with an award, and I think that's just tragic.
Many a man has finally succeeded only because he has failed after repeated efforts. If he had never met defeat he would never have known any great victory.
The success [of Mary Kay Inc.] is much, much deeper than just dollars and cents and buildings and assets. The real success of our Company is measured to me in the lives that have been touched and given hope.
As I was growing up, I did a lot of talent shows. I won fifteen Sunday nights straight in a series of talent shows in Macon. I showed up the sixteenth night, and they wouldn't let me go on any more. Whatever success I had was through the help of the good Lord.
An athlete must have ability to reach the top, but many who have ability and who do not live clean lives never have and never will be champions for obvious reasons.
Success is more dangerous than failure, the ripples break over a wider coastline.
Subscribe for the occasional hand-picked quote. No noise.