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School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.

Ray Dalio

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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Life
Opinion
Investing
People
Lives
Fail
Doesn
Following
Others
Spent
Instructions
School
Succeed
Typically
Young
Failing
Pleasing
Many
Students
Instruction
Real
Unless
Prepare

More quotes by Ray Dalio

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I believe that dreamers who simply imagine things that would be nice but are not possible don’t sufficiently appreciate the laws of the universe to understand the true implications of their desires, much less how to achieve them.
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To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.
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To make money in the markets, you have to think independently and be humble.
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I notice a difference from the moment I meditate.
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Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
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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
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Forget about what the technology is. Just understand the motivation behind it.
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I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.
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The world is still in deleveraging.
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The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
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Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
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There are two main drivers of asset class returns - inflation and growth.
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If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don't face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
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Know what your people are like, and make sure they do their jobs excellently.
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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.
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Nature is a machine. The family is a machine. The life cycle is like a machine.
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Some people who are creative are not reliable and vice versa some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.
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Each person assesses each other person's credibility on different dimensions, because people are strong and weak in different things.
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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.
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Like the saying goes, don't believe everything you read.
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