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Quote by Ray Dalio

“People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.”

Quote by Ray Dalio

Author

Ray Dalio, born in 1949, is a renowned American businessman, investor, and the founder of Bridgewater Associates, one of the world's largest hedge funds. He is known for his unique investment philosophy and successful corporate management. more

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“I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature's laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.”

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“Successful people ask for the criticism of others and consider its merit.”

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“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.”

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“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.”

“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.”

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“There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.”

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“Principles are what allow you to live a life consistent with those values. Principles connect your values to your actions.”

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“I think meditation has been the single biggest reason for whatever success Ive had”

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“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).”

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“The economy is like a machine.”

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