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.
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 DalioThe most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio โ a portfolio that does well in different environmentsโฆ. we don't know that we're going to win. We have to have diversified bets.
Ray Dalio