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. – Ray Dalio
I think that the first thing is you should have a strategic asset allocation mix that assumes that you dont know what the future is going to hold. – Ray Dalio
Competitiveness is really what it costs you per man-hour to get you what you want. In other words, theres an education level that plays into the mix and so if its inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in. – Ray Dalio
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. – Ray Dalio
Although images of perfection in peoples personal lives can cause unhappiness, images of perfect societies – utopian images – can cause monstrous evil. In fact, forcefully changing society to conform to societal images was the greatest cause of evil in the twentieth century. – Dennis Prager