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I'm Scared Of People With Power Making The Decision.
-Ray Dalio
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I'm Scared Of People With Power Making
Ray Dalio
I'm Scared Of People With Power Making The Decision.
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People
Decision
Scared
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I Have A Bad Rote Memory, But I Tend To Learn Through My Experiences. And Then When I Went Into The Markets, And Then Starting My Business As An Entrepreneur, That Affected My Thinking A Lot, Too, Because In Order To Be Successful As Both An Investor And An Entrepreneur, One Has To Be An Independent Thinker And Bet Against The Consensus And Be Right. Because The Consensus Is Built Into The Price, And If You're Not An Independent Thinker In The Markets You Won't Succeed. And If You're Not An Independent Thinker As An Entrepreneur Starting Out, You're Not Going To Bring Anything Special.
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Don't Be A Perfectionist, Because Perfectionists Often Spend Too Much Time On Little Differences At The Margins At The Expense Of Other Big, Important Things. Be An Effective Imperfectionist. Solutions That Broadly Work Well (e.g., How People Should Contact Each Other In The Event Of Crises) Are Generally Better Than Highly Specialized Solutions (e.g., How Each Person Should Contact Each Other In The Event Of Every Conceivable Crisis).
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I Think The Greatest Tragedy Of Mankind Is That People Have Ideas And Opinions In Their Heads But Don't Have A Process For Properly Examining These Ideas To Find Out What's True. That Creates A World Of Distortions.
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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.
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I Have Been Very Lucky Because I Have Had The Opportunity To See What It's Like To Have Little Or No Money And What It's Like To Have A Lot Of It. I'm Lucky Because People Make Such A Big Deal Of It And, If I Didn't Experience Both, I Wouldn't Be Able To Know How Important It Really Is For Me. I Can't Comment On What Having A Lot Of Money Means To Others, But I Do Know That For Me, Having A Lot More Money Isn't A Lot Better Than Having Enough To Cover The Basics.
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