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
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Interpretation
This quote emphasizes the importance of steady, positive growth, particularly in the context of reducing debt levels.
Ray Dalio highlights that while growth may be gradual, it is beneficial as it leads to a healthier financial environment, especially when debt levels decrease relative to income. This 'beautiful deleveraging' suggests that a slow and steady improvement is preferable to rapid growth that may not be sustainable, thus creating a more stable economic foundation.
In practice
This quote can be used in a financial planning seminar to emphasize the importance of gradual debt management.
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?
The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real behavior that they started writing down models of highly rational behavior - and they kind of forgot about humans.
Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.
For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.
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