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.
Ray DalioThere is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
Ray DalioWhen you think that it's too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful
Ray DalioMeditation more than anything in my life was the biggest ingredient of whatever success I've had.
Ray DalioSchool typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.
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