You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
Ray DalioMeditation helps you stay in a calm, clear-headed state so that when challenges come at you, you can deal with them like a ninja - in a calm thoughtful way. When you're centered, your emotions are not hijacking you.
Ray DalioI'm scared of one man, one vote because it suggests that everybody has an equal ability at making decisions, and I think that's dangerous.
Ray DalioTo have an idea meritocracy, one needs to do three things. First, they have to put their honest thoughts on the table, for everyone to look at and everyone to work through. Second, they need to have thoughtful disagreement, by which there are quality exchanges, in which there's open mindedness and the realization that no one has all the right answers. And you can work through that and get to better answers because good collective decision making is better than any individual decision making. And third, you have to have ways of getting past the disagreements if they remain.
Ray Dalio