“For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow.” IfsLifeShouldOpportunityGrowsMistakeTreatsPersonal GrowthInvestingExcitedImprovementMiserableBad ThingsYieldRapids Author:Ray Dalio
“For me, the best things in life - meaningful work, meaningful relationships, interesting experiences, good food, sleep, music, ideas, sex, and other basic needs and pleasures - are not, past a certain point, materially improved upon by having a lot of money.” LifeNeedsIdeasPastCertainSexSleepPleasureInterestingPersonal GrowthInvestingMeaningfulBest ThingsThings In LifeLots Of MoneyMeaningful LifeGood FoodBasic NeedsMeaningful WorkBest Things In LifeMeaningful Relationship Author:Ray Dalio
“School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.” PeopleLifeRealSchoolYoungOpinionFailingStudentsSucceedPersonal GrowthInvestingFollowingReal LifeInstructionPleasing OthersFollowing Instructions Author:Ray Dalio
“There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.” UnderstandingGreaterTruth IsEssentialsIndependentThinkerTruthfulObtainingBeing Truthful Author:Ray Dalio
“Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.” ActionValuesPrinciplesConsistent Author:Ray Dalio
“I think meditation has been the single biggest reason for whatever success Ive had” ThinkingHas BeensReasonMeditation Author:Ray Dalio
“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 it’s understandable).” LifeReasonProblemPainChoicesSolutionsSillyUpsetUnhappinessPointlessInaction Author:Ray Dalio
“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.” WayPainLimitsDevices Author:Ray Dalio
“The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.” BelieveStillsPastMistakeHappenedReturnAssumingInvestmentInvestingExpensiveAssetsInvestorsPersistBiggest MistakeRecent Past Author:Ray Dalio
