Investing Quotes - Page 33

• I believe that understanding what is good is obtained by looking at the way the world works and figuring out how to operate in harmony with it to help it evolve.

  Ray Dalio

  Life, Believe, Understanding

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• I have found that by looking at what is rewarded and punished, and why, universally - i.e., in nature as well as in humanity - I have been able to learn more about what is "good" and "bad" than by listening to most people's views about good and bad.

  Ray Dalio

  Life, Views, People

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• I believe there are an infinite number of laws of the universe and that all progress or dreams achieved come from operating in a way that's consistent with them. These laws and the principles of how to operate in harmony with them have always existed. We were given these laws by nature. Man didn't and can't make them up. He can only hope to understand them and use them to get what he wants.

  Ray Dalio

  Life, Dream, Believe

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• I have been very lucky because I have had the opportunity to see what it's like to have little or no money and what it's like to have a lot of it. I'm lucky because people make such a big deal of it and, if I didn't experience both, I wouldn't be able to know how important it really is for me. I can't comment on what having a lot of money means to others, but I do know that for me, having a lot more money isn't a lot better than having enough to cover the basics.

  Ray Dalio

  Life, Mean, Opportunity

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• One of the greatest sources of problems in our society arises from people having loads of wrong theories in their heads - often theories that are critical of others - that they won't test by speaking to the relevant people about them. Instead, they talk behind people's backs, which leads to pervasive misinformation.

  Ray Dalio

  Life, People, Growth

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• Never say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.

  Ray Dalio

  Life, Integrity, Yield

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• Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e.g., how people should contact each other in the event of crises) are generally better than highly specialized solutions (e.g., how each person should contact each other in the event of every conceivable crisis).

  Ray Dalio

  Life, Differences, People

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• People who excel at book learning tend to call up from memory what they have learned in order to follow stored instructions. Others who are better at internalized learning use the thoughts that flow from their subconscious. The experienced skier doesn't recite instructions on how to ski and then execute them; rather, he does it well "without thinking," in the same way he breathes without thinking. Understanding these differences is essential.

  Ray Dalio

  Life, Memories, Book

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• When there is pain, the animal instinct is 'fight or flight' (i.e., to either strike back or run away) - reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.

  Ray Dalio

  Life, Running, Pain

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• Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don't know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don't.

  Ray Dalio

  Life, Thinking, Knowing

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• 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

  Ray Dalio

  Life, Running, Successful

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• I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.

  Ray Dalio

  Life, Integrity, Real

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• Market-cap based indexing will never be driven from its deserved perch as core and deserved king of the investment world. It is what we should all own in theory and it has delivered low-cost equity returns to a great mass of investors... the now and forever king-of-the-hill.

  Cliff Asness

  Kings, Forever, World

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• Successful people are usually more lively than those who are unsuccessful. The quickening of the spirit they feel comes out of their creativity, and success detaches them from the more rigid outlook on life - it puts them in the flow. So the shakers and movers, by their very nature, are moving faster, taking more risks, and investing more in the world than their less active counterparts.

  Stuart Wilde

  Success, Moving, Creativity

  Stuart Wilde (1998). “The Trick to Money is Having Some”, p.52, Hay House, Inc

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• Bonnie and Clyde was the first show and the first role that I got to originate. Being part of that from the ground up and investing three years of my life into seeing that show come to Broadway was really rigorous but also so exciting.

  Laura Osnes

  Years, Three, Roles

  "BWW Interviews: Two-Time Tony Nominee Laura Osnes Talks Masterclasses in Texas". Interview with Katricia Lang, www.broadwayworld.com. August 27, 2014.

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• Very successful people say no to almost everything.

  Warren Buffett

  Successful, Investment Success, People

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• If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.

  Warren Buffett

  Average, Years, People

  Berkshire Hathaway Annual Meeting, 2004.

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• What you have as a result of past policies is that German entrepreneurs go outside of Germany for many of their activities. They are investing abroad instead of at home because there isn't the openness, fluidity and opportunity they find outside their borders.

  Milton Friedman

  Home, Past, Opportunity

  Source: www.huffingtonpost.com

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• I want to make something I would find joy in consuming. Personally, I enjoy those projects that are worth me investing time and energy and thought into, to find a work that has more to say than will fit in a 4 minute song.

  Crowder

  Song, Joy, Energy

  "David Crowder, Neon Steeple". Interview with Nate Fancher, www.natefancher.com. August 22, 2014.

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• Anyone who gives a surgeon six thousand dollars for breast augmentation should give some thought to investing a little more in brain augmentation.

  Mike Royko

  Giving, Brain, Dollars

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• Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.

  Mariana Mazzucato

  Mean, Government, Support

  "What the Steve Jobs Movie Won't Tell You About Apple's Success". Interview with Lynn Parramore, www.ineteconomics.org. October 23, 2015.

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• Few things are more irritating than when someone who is wrong is also very effective in making his point.

  Mark Twain

  Humor, Ignorance, Politics

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• I wasn't worth a cent two years ago, and now I owe two million dollars.

  Mark Twain

  Humor, Years, Two

  Mark Twain, Charles Dudley Warner (1874). “The Gilded Age: A Tale of To-day”, p.243

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• Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

  Milton Friedman

  Mistake, Trying, Bankers

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• [U]nemployment is ... a side effect of the cure for inflation.

  Milton Friedman

  Sides, Economics, Cures

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