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
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Interpretation
This quote emphasizes the importance of steady, positive growth, particularly in the context of reducing debt levels.
Ray Dalio highlights that while growth may be gradual, it is beneficial as it leads to a healthier financial environment, especially when debt levels decrease relative to income. This 'beautiful deleveraging' suggests that a slow and steady improvement is preferable to rapid growth that may not be sustainable, thus creating a more stable economic foundation.
In practice
This quote can be used in a financial planning seminar to emphasize the importance of gradual debt management.
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 itβs understandable).
Meditation more than anything in my life was the biggest ingredient of whatever success I've had.
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?
We have designed a capitalist system wrong. We assume human beings are one-dimensional, all they do is make money, so we've created a money-centric world.
Budget consolidation and economic growth are two sides of the same coin.
That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.
A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance.
Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.
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