I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day.
Ray DalioRead
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
Interpretation
This quote emphasizes the relationship between credit and economic growth, highlighting the limits of credit creation.
Ray Dalio highlights the importance of credit in driving economic growth (GDP) while also warning about its limitations. He addresses the challenges of managing credit, including the decisions that must be made regarding its distribution and the amount that can be effectively utilized before reaching a saturation point.
In practice
During a financial seminar, one could use this quote to discuss the balance between credit generation and economic sustainability.
I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day.
There are two main drivers of asset class returns - inflation and growth.
There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.
The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).
Meditation more than anything in my life was the biggest ingredient of whatever success I've had.
There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.
There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.
Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts.
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.
It's one thing to recognize that the gap between the rich and everybody else is growing like a cancer; it's another thing to come up with useful solutions.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
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