I'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 DalioI think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.
Ray DalioPrinciples are what allow you to live a life consistent with those values. Principles connect your values to your actions.
Ray DalioWhen people get at each other's throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.
Ray DalioFor every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow.
Ray Dalio