Meditation gives you two things: equanimity and creativity. And it does that by taking one from their conscious mind, where there's all that noise and chaos and so on, into the subconscious mind where there's quiet and where creativity emanates from. You have a mantra, and when you repeat it over and over again, all those thoughts go away because you shift them to that mantra. And then eventually that sound disappears, and then you're left not conscious or unconscious - you're left in this subconscious state, and by opening that up, first of all you get control of it.
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 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 DalioI also believe that everyone needs to think independently and make their own decisions on what makes the most sense.
Ray DalioMeditation more than anything in my life was the biggest ingredient of whatever success I've had.
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