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I think if you look at the statistics and you deal with fake media - and fake media and distorted media is a continuum - the vast majority of the population says, I don't know what to believe. There are no checks and balances in quality control.

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
Think
Deals
Statistics
Thinking
Media
Checks
Says
Fake
Control
Vast
Quality
Population
Look
Majority
Balances
Looks
Balance
Continuum
Believe
Deal
Distorted

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Forget about what the technology is. Just understand the motivation behind it.
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Treat your life like a game.
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The world is still in deleveraging.
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I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments.
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I'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so - which they and I cherish.
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When you're centered, your emotions are not hijacking you.
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Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.
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I think it is in the nature of individuals and individual entities not to self-correct.
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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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I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.
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I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
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I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
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Don't worry about looking good - worry about achieving your goals.
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I do think people need to recognize that a lot of journalists want to write a story a certain way because the story will be better or the portrayal will be better, or at least recognize that whenever you're looking at something, you're seeing it through somebody's eyes who may actually not be the person who is the most insightful.
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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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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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Everyone has to decide for themselves what works for them and their organization.
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I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.
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Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected two: they're the first and most essential part of the learning process and three: feeling bad about them will prevent you from getting better.
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I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility.
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