Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at … - Ray Dalio

Same topic Authors

Quote of the day

Your mind and habits will create either barriers or bridges to a better future.

Ray Dalio

Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e. g. , how people should contact each other in the event of crises) are generally better than highly specialized solutions (e. g. , how each person should contact each other in the event of every conceivable crisis).

Life, Differences, People, Work, Expense, Imperfectionist

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

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