Ray Dalio

"To help you stay centered and effective, pretend that your life is a martial art or a game, the object of which is to get around a challenge and reach a goal. Once you accept its rules, you'll get used to the discomfort that comes with the constant frustration.(...)With practice, you will eventually play this game with a calm unstoppable centeredness in the face of adversity. Your ability to get what you want will thrill you."

"To help you stay centered and effective, pretend that your life is a martial art or a game, the object of which is to get around a challenge and reach a goal. Once you accept its rules, you'll get used to the discomfort that comes with the constant frustration.(...)With practice, you will eventually play this game with a calm unstoppable centeredness in the face of adversity. Your ability to get what you want will thrill you.q"

"I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold."

"In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted."

"Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way."

"There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging."

"Nature is a machine. The family is a machine. The life cycle is like a machine."

"The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable)."

"Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way."