Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Quotes from Ray Dalio – Principles

with 3 comments

Contradicting advice :

The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.“ G B Shaw 

“Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. Each of us needs to decide what we value most and choose the paths we take to achieve it. Ray Dalio

I believe that G B Shaw forgot the word “Outer” between all and progress. 

Most people are like ants focused only on them, themselves and their own anthill; they believe the universe revolves around people and don’t pay attention to the universal laws that are true for all species.
“While mankind is very intelligent in relation to other species, we have the intelligence of moss growing on a rock compared to nature as a whole.”
“We are incapable of designing and building a mosquito, let alone all the species and most of the other things in the universe. So I start from the premise that nature is smarter than I am and try to let nature teach me how reality works.”
“Don’t get hung up on your views of how things “should” be because you will miss out on learning how they really are.”
“Whenever I observe something in nature that I (or mankind) think is wrong, I assume that I’m wrong and try to figure out why what nature is doing makes sense.”
“History has shown that all species will either go extinct or evolve into other species, though with our limited time window that is hard for us to see.”
“Reality is built to optimize for the whole rather for me”
“Consider what acquiring money is like. People who earn so much that they derive little or no marginal gains from it will experience negative consequences, as with any other form of excess, like gluttony. If they are intellectually healthy, they will begin seeking something new or seeking new depths in something old—and they will get stronger in the process.”

“So don’t worry about whether you like your situation or not. Life doesn’t give a damn about what you like. It’s up to you to connect what you want with what you need to do to get it and then find the courage to carry it through.”

“Whatever circumstances life brings you, you will be more likely to succeed and find happiness if you take responsibility for making your decisions well instead of complaining about things being beyond your control. Psychologists call this having an “internal locus of control,” and studies consistently show that people who have it outperform those who don’t.”
“The biggest mistake most people make is to not see themselves and others objectively, which leads them to bump into their own and others’ weaknesses again and again. People who do this fail because they are stubbornly stuck in their own heads. If they could just get around this, they could live up to their potential.

This is why higher-level thinking is essential for success.”
“Asking others who are strong in areas where you are weak to help you is a great skill that you should develop no matter what, as it will help you develop guardrails that will prevent you from doing what you shouldn’t be doing. All successful people are good at this.”
“It doesn’t matter what you do with your life, as long as you are doing what is consistent with your nature and your aspirations. Having spent time with some of the richest, most powerful, most admired people in the world, as well as some of the poorest, most disadvantaged people in the most obscure corners of the globe, I can assure you that, beyond a basic level, there is no correlation between happiness levels and conventional markers of success. A carpenter who derives his deepest satisfaction from working with wood can easily have a life as good or better than the president of the United States. If you’ve learned anything from this book I hope it’s that everyone has strengths and weaknesses, and everyone has an important role to play in life. Nature made everything and everyone for a purpose. The courage that’s needed the most isn’t the kind that drives you to prevail over others, but the kind that allows you to be true to your truest self, no matter what other people want you to be.”, Ray Dalio. 

While I am not living the life of a carpenter as per Dalio’s example, I agree with it. 

It’s like the old gag about guys driving to Wall Street in Rolls- Royces so they can get advice from guys who take the subway to work. 

Written by amitdipsite

January 13, 2018 at 9:29 pm

Posted in Uncategorized

3 Responses

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  1. Nice….will read again with concentration

    Sonal ________________________________

    Sonal Sawhney

    January 14, 2018 at 6:27 am

  2. Very inspiring and useful quotes….which is this book?

    Sonal ________________________________

    Sonal Sawhney

    January 22, 2018 at 3:35 am

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