Summary of Principles

While you can have anything, you cannot have everything. It is important to prioritize your goals and be sure that these are the things you really want. Things like fancy cars and designer homes are often shadows of our true desires and will not ultimately satisfy us.

The Holy Grail of Investing”—but was also applicable to other business ventures.

Dalio also learned that in doing what comes naturally, people often fail to foresee weaknesses.