Walk the talk

Think for yourself!

The choices you make and their consequences, author said, <…>

“Over the decades since, I’ve repeatedly seen policymakers deliver such assurances immediately before currency devaluations, so I learned not to believe government policymakers when they assure you that they won’t let a currency devaluation happen. The more strongly they make those assurances, the more desperate the situation probably is, so the more likely it is that a devaluation will take place.”

Excerpt From: Ray Dalio. “Principles: Life and Work.” i

Yep! The author’s name is Ray Dalio.

“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”

Excerpt From: Ray Dalio. “Principles: Life and Work.”

Did you get what he means? Here’s another example to think about:

“To me it all looked like a beautiful machine with logical cause-effect relationships. By understanding these relationships, I could come up with decision rules (or principles) I could model.”

Excerpt From: Ray Dalio. “Principles: Life and Work.”

Another one:

“There are always risks out there that can hurt you badly, even in the seemingly safest bets, so it’s always best to assume you’re missing something.”

Excerpt From: Ray Dalio. “Principles: Life and Work.”

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