Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.
Ray DalioNever say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.
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 DalioLife is like a game where you seek to overcome the obstacles that stand in the way of achieving your goals. You get better at this game through practice. The game consists of a series of choices that have consequences. You can't stop the problems and choices from coming at you, so it's better to learn how to deal with them.
Ray Dalio