Ray Dalio

Okay, for life, evolve well, keeping in mind pain plus reflection equals progress and that you want principles. For investment, diversify well with a game plan that you know how it would have worked in the past and that you're comfortable with in the future. Don't be reactive. In other words, so many people The news comes out, the markets move, and then they reactively take action.

Okay, for life, evolve well, keeping in mind pain plus reflection equals progress and that you want principles. For investment, diversify well with a game plan that you know how it would have worked in the past and that you're comfortable with in the future. Don't be reactive. In other words, so many people The news comes out, the markets move, and then they reactively take action.

Okay, for life, evolve well, keeping in mind pain plus reflection equals progress and that you want principles. For investment, diversify well with a game plan that you know how it would have worked in the past and that you're comfortable with in the future. Don't be reactive. In other words, so many people The news comes out, the markets move, and then they reactively take action.

Don't do that. Okay, news comes out, markets move, and then take action is terrible. By instead having a game plan that you know how it would have worked in the past... And then recognizing that there's ups and downs and sticking with that game plan is most important.

Don't do that. Okay, news comes out, markets move, and then take action is terrible. By instead having a game plan that you know how it would have worked in the past... And then recognizing that there's ups and downs and sticking with that game plan is most important.

Don't do that. Okay, news comes out, markets move, and then take action is terrible. By instead having a game plan that you know how it would have worked in the past... And then recognizing that there's ups and downs and sticking with that game plan is most important.

Yes, but I think you have to ask yourself, are you going to beat the pros? Investing is a zero-sum game. So competing in the markets is more difficult than competing in the Olympics. So I would say be humble. I put in hundreds of millions of dollars a year to try to beat the markets. And others do. And that's what it takes.

Yes, but I think you have to ask yourself, are you going to beat the pros? Investing is a zero-sum game. So competing in the markets is more difficult than competing in the Olympics. So I would say be humble. I put in hundreds of millions of dollars a year to try to beat the markets. And others do. And that's what it takes.

Yes, but I think you have to ask yourself, are you going to beat the pros? Investing is a zero-sum game. So competing in the markets is more difficult than competing in the Olympics. So I would say be humble. I put in hundreds of millions of dollars a year to try to beat the markets. And others do. And that's what it takes.

Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.

Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.

Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.

My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?

My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?

My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?

Okay. Thank you.

Okay. Thank you.

Okay. Thank you.

It's such a joy for me. Thank you.

It's such a joy for me. Thank you.