Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so … - Ray Dalio

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Quote of the day

While the impostor draws his identity from past achievements and the adulation of others, the true self claims identity in its belovedness. We encounter God in the ordinariness of life: not in the search for spiritual highs and extraordinary, mystical experiences but in our simple presence in life.

Ray Dalio

Ask yourself whether you have earned the right to have an opinion. Opinions are easy to produce, so bad ones abound. Knowing that you don't know something is nearly as valuable as knowing it. The worst situation is thinking you know something when you don't.

Life, Nearly, Opinions, Thinking, Worst Situation

Same Author Quotes

More than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively

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To make money in the markets, you have to think independently and be humble.

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Unlike in school, in life you don't have to come up with all the right answers. You can ask the people around you for help - or even ask them to do the things you don't do well. In other words, there is almost no reason not to succeed if you take the attitude of 1) total flexibility - good answers can come from anyone or anywhere (and in fact, as I have mentioned, there are far more good answers 'out there' than there are in you) and 2) total accountability: regardless of where the good answers come from, it's your job to find them.

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Be wary of the arrogant intellectual who comments from the stands without having played on the field.

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The more you think you know, the more closed-minded you'll be.

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