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Ray Dalio

Principles: Life and Work

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  • Kelvin Tjiawihas quoted3 years ago
    However, you will never handle them all well: mistakes are inevitable, and it’s important to recognize and accept this fact of life. The good news, as I have mentioned, is that most learning comes through making mistakes—so there is no end to learning how to play the game better. You will have an enormous number of decisions to make, so no matter how many mistakes you make, there will be plenty of opportunities to build a track record of success.
  • Kelvin Tjiawihas quoted3 years ago
    You’ll see that excuses like “That’s not easy” are of no value and that it pays to “push through it” at a pace you can handle. Like getting physically fit, the most important thing is that you keep moving forward at whatever pace you choose, recognizing the consequences of your actions. When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
  • Kelvin Tjiawihas quoted3 years ago
    Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit).
  • Anthonyhas quoted4 months ago
    the quality of our lives depends on the quality of the decisions we make
  • Anthonyhas quoted4 months ago
    I believe that personal evolution is both the greatest accomplishment and the greatest reward.
  • Anthonyhas quoted4 months ago
    what is success? I believe that it is nothing more than getting what you want—and that it is up to you to decide what that is for you
  • Anthonyhas quoted4 months ago
    I believe that the way we make our dreams into reality is by constantly engaging with reality in pursuit of our dreams and by using these encounters to learn more about reality itself and how to interact with it in order to get what we want—and that if we do this with determination, we almost certainly will be successful. In short:
    Reality
    +
    Dreams
    +
    Determination
    =
    A Successful Life
  • Anthonyhas quoted4 months ago
    believe that life consists of an enormous number of choices that come at us and that each decision we make has consequences, so the quality of our lives depends on the quality of the decisions we make.
    We aren’t born with the ability to make good decisions; we learn it.
  • Anthonyhas quoted4 months ago
    ego barriers—stand in the way of this progress. These reactions take place in the part of the brain called the amygdala. As a result of them, most people don’t like reflecting on their weaknesses even though recognizing them is an essential step toward preventing them from causing them problems. Most people especially dislike others exploring their weaknesses because it makes them feel attacked, which produces fight or flight reactions; however, having others help one find one’s weaknesses is essential because it’s very difficult to identify one’s own
  • Anthonyhas quoted4 months ago
    how much money people have earned is a rough measure of how much they gave society what it wanted—NOT how much they desired to make money.
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