This is my year of transition from what I'm calling the second phase of my life to the third phase of my life. And I wanted to pass it along. What I mean by that is, in the first days of your life you're dependent on others and you learn. You're basically a kid, depending on your parents. In the second phase of your life, you're working and others are dependent on you and you're trying to be successful. And then when you go to the third phase of your life it's no longer as much of a kick to be successful. There's a natural, instinctual desire to help other people be successful.
Ray DalioSuccess is not in obtaining the thing. Because there's always another thing. And then you look back on it, and for me, through my evolution, yes I have success by most measures - but for me, when it comes to the greatest joy of reward, there's an emotional element and there's an intellectual element. Emotionally, my greatest joy was the personal relationships I've had. That was the greatest joy. Intellectually, my satisfaction was that I do feel I've evolved well and I'm doing my best to contribute toward evolution.
Ray DalioPeople with good work habits have to-do lists that are reasonably prioritized, and they make themselves do what needs to be done. By contrast, people with poor work habits almost randomly react to the stuff that comes at them, or they can't bring themselves to do the things they need to do but don't like to do (or are unable to do).
Ray DalioI treasure the fact there's media freedom, but with that goes responsibility. I think that there should be a self-regulatory organization and that they should start to think about standards. Because I think a lot of people say, "I don't know how to read what is true versus somebody else's interpretation."
Ray DalioI do think people need to recognize that a lot of journalists want to write a story a certain way because the story will be better or the portrayal will be better, or at least recognize that whenever you're looking at something, you're seeing it through somebody's eyes who may actually not be the person who is the most insightful.
Ray Dalio