More than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively
Ray DalioI'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
Ray DalioLook 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.
Ray DalioI have a bad rote memory, but I tend to learn through my experiences. And then when I went into the markets, and then starting my business as an entrepreneur, that affected my thinking a lot, too, because in order to be successful as both an investor and an entrepreneur, one has to be an independent thinker and bet against the consensus and be right. Because the consensus is built into the price, and if you're not an independent thinker in the markets you won't succeed. And if you're not an independent thinker as an entrepreneur starting out, you're not going to bring anything special.
Ray Dalio