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Who looks in the sun will see no light else; but also he will see no shadow. Our life revolves unceasingly, but the centre is ever the same, and the wise will regard only the seasons of the soul.

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Ray Dalio

Sometimes we forge our own principles and sometimes we accept others' principles, or holistic packages of principles, such as religion and legal systems. While it isn't necessarily a bad thing to use others' principles - it's difficult to come up with your own, and often much wisdom has gone into those already created - adopting pre-packaged principles without much thought exposes you to the risk of inconsistency with your true values.

Already, Come, Growth, Life, Risk
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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

Investing, Live, Looks, Objectively, People, Potential

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

Humble, Make, Making Money, Money, Think, Thinking

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.

Attitude, Jobs, Life, Succeed, Total

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

Arrogant, Field, Intellectual, Investing, Life

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

Closed Minded, Investing, Know, Think, Thinking
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