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?
It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.
Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?
The high cost of housing is crushing poor families and sending them to a state of desperation.
A universal basic income would be the best way to give everyone the opportunity to do more unpaid but incredibly important work, such as caring for children and the elderly.
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