This is Episode 2: Embrace Reality and Deal With It, I hope you find these helpful.

#success #principles @raydalio #lifeadvice #mentor #motivation #graduation #raydalio

Open-minded people seek to learn by asking questions; they realize how little they know in relation to what there is to know and recognize that they might be wrong; they are thrilled to be around people who know more than they do because it represents an opportunity to learn something. Closed-minded people always tell you what they know, even if they know hardly anything. They are typically uncomfortable being around those who know a lot more than they do. #principleoftheday
#raydalio #rich #money #invest #telegram
@raydalio

“He who lives by the crystal ball will eat shattered glass”

Dalio mentioned this in 2012 as a response to speculating about interest rate movements. This would also be applicable to any type of prediction in financial markets, which has proven to be all but consistent.
Following an investment style which is based on directional bets, might work a few times, but would not be sustainable for the average investor over a stretch of time.

@RayDalio

#raydalio #dalio

What if you could unplug that lower part of your brain entirely and instead connect with a decision-making computer that gives you logically derived instructions, as we do with our investment systems? Suppose this computer-based decision-making machine has a much better track record than you because it captures more logic, processes more information more quickly, and makes decisions without being emotionally hijacked. Would you use it? In confronting the challenges I've faced in the course of my career I've created exactly such tools, and I am convinced that I would not have been nearly as successful without them. I have no doubt that in the years ahead such "machine-thinking" tools will continue to develop and that smart decision makers will learn how to integrate them into their thinking. I urge you to learn about them and consider using them.

#principleoftheday #raydalio #success #crypto #wisdom #post #decision

Opinions are easy to produce; everyone has plenty of them and most people are eager to share them--even to fight for them. Unfortunately many are worthless or even harmful, including a lot of your own.

#principleoftheday #raydalio #success

@RayDalio