41. Sometimes people mistake generosity for not being fair. For example, when Bridgewater arranged for... Sometimes people mistake generosity for not being fair. For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office, one 09/22 05:00 ♡
42. C Credit is the most important part of the economy—and probably the least understood. It's the biggest... Credit is the most important part of the economy—and probably the least understood. It's the biggest and most volatile part. When borrowers receive credit, they increase their 09/21 23:32 ♡
43. You have your goals. I call the way you will operate to achieve your goals your machine. It consis... You have your goals. I call the way you will operate to achieve your goals your machine. It consists of a design (the things that have to get done) and the people (who will do the 09/21 00:00 ♡
44. Everyone makes mistakes. The main difference is that successful people learn from them and unsuccess... Everyone makes mistakes. The main difference is that successful people learn from them and unsuccessful people don’t. By creating an environment in which it is okay to safely make 09/20 00:00 ♡
45. Our uniquely human ability to look down from a higher level doesn't apply just to understanding real... Our uniquely human ability to look down from a higher level doesn't apply just to understanding reality and the cause-effect relationships underlying it; it also applies to loo 09/19 13:38 ♡
46. H Here’s the holy grail of investing: Find 15 good, uncorrelated return streams. If you look at the m... Here’s the holy grail of investing: Find 15 good, uncorrelated return streams. If you look at the math of diversification, getting out to 15 uncorrelated streams allows you to redu 09/19 00:12 ♡
47. For example, most people will operate in a way that maximizes the amount of money they will get and ... For example, most people will operate in a way that maximizes the amount of money they will get and that minimizes the amount of work they have to do to get it. To see this, just l 09/17 22:08 ♡
48. For the most part, life gives you so many decisions to make and so many opportunities to recover fro... For the most part, life gives you so many decisions to make and so many opportunities to recover from your mistakes that, if you handle them well, you can have a terrific life. Of 09/17 05:30 ♡
49. A As I’ve explained here before, at this stage in my life, my main goal is to pass along the principle... As I’ve explained here before, at this stage in my life, my main goal is to pass along the principles and templates I've learned with the hope that they can help others as much 09/17 01:55 ♡
50. The most meaningful relationships are achieved when you and others can speak openly to each other ab... The most meaningful relationships are achieved when you and others can speak openly to each other about everything that's important, learn together, and understand the need to 09/16 04:38 ♡
