“I think meditation has been the single biggest reason for whatever success Ive had” Quote by 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
“The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.” KnowsNeedsWellsDoeImportantDifferentWinningEnvironmentImportant ThingsAssetsInvestorsBalancedStrategicPortfoliosAllocationAsset AllocationDifferent Environments Author:Ray Dalio
“I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.” BelieveWould BeLawDesireUniverseI BelieveNiceImagineAchieveAppreciateDreamerBeing NiceImplications Author:Ray Dalio
“Meditation more than anything in my life was the biggest ingredient of whatever success I've had.” MeditationIngredients Author:Ray Dalio
“I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in the process, as much as in its end.” EndsProcessFruitAddictionAttractionSavoring Author:Michael Steinhardt
“When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required.” PainAbilityViewsUncomfortable Author:Michael Steinhardt
“Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only [bonds], you can almost close your eyes and [buy] stocks.” WorldWantEyeEmotionExtremesCyclesInvestors Author:Michael Steinhardt
