People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.
Ray DalioDon'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 DalioI 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 DalioIf you have the power to see things through somebody else's eyes, it's like going from black and white to color or two dimensions to three dimensions.
Ray Dalio