Money and Finance
- Ray Dalio Interview With The Academy Of Achievement (october 2012)
A big thanks to Remmelt for passing this along. [Update: And another big thanks to Jean-Pierre for passing the iTunes link to this along, HERE.] Link to: Ray Dalio Interview ………. Excerpt:You've spoken about individuals who shape the world we...
- Bridgewater/dalio Approach
Short description using a few excerpts from Jack Schwager’s book Hedge Fund Market Wizards: “The flagship fund uses the relatively rare combination of a fundamentally based systematic approach. (Most hedge funds that are fundamentally based use a...
- Colm O’shea Quote (implementation, Flexibility, And George Soros)
From the book Hedge Fund Market Wizards: “You need to implement a trade in a way that limits your losses when you are wrong, and you also need to be able to recognize when a trade is wrong. George Soros has the least regret of anyone I have ever met....
- Ray Dalio Quote
“There is nothing to fear from truth. Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.” –Ray Dalio (as quoted by Maneet Ahuja in The Alpha Masters) ...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...
Money and Finance
Ray Dalio quote
“The type of thinking that is necessary to succeed in the markets is entirely different from the type of thinking that is required to succeed in school….Most school education is a matter of following instructions—remember this; give it back; did you get the right answer? It teaches you that mistakes are bad instead of teaching you the importance of learning from mistakes. It doesn’t address how to deal with what you don’t know. Anyone who has been involved in the markets knows that you can never be absolutely confident. There is never a trade that you know you are right on. If you approach trading that way, then you will always be looking at where you might be wrong. You don’t have a false confidence. You value what you don’t know. In order for me to form an opinion about anything involves a higher threshold than if I were involved in some profession other than trading. I’m so worried that I may be wrong that I work really hard at putting my ideas out in front of other people for them to shoot down and tell me where I may be wrong. That process helps me be right. You have to be both assertive and open-minded at the same time. The markets teach you that you have to be an independent thinker. And any time you are an independent thinker, there is a reasonable chance you are going to be wrong.” –Ray Dalio (as quoted in Hedge Fund Market Wizards)
- Ray Dalio Interview With The Academy Of Achievement (october 2012)
A big thanks to Remmelt for passing this along. [Update: And another big thanks to Jean-Pierre for passing the iTunes link to this along, HERE.] Link to: Ray Dalio Interview ………. Excerpt:You've spoken about individuals who shape the world we...
- Bridgewater/dalio Approach
Short description using a few excerpts from Jack Schwager’s book Hedge Fund Market Wizards: “The flagship fund uses the relatively rare combination of a fundamentally based systematic approach. (Most hedge funds that are fundamentally based use a...
- Colm O’shea Quote (implementation, Flexibility, And George Soros)
From the book Hedge Fund Market Wizards: “You need to implement a trade in a way that limits your losses when you are wrong, and you also need to be able to recognize when a trade is wrong. George Soros has the least regret of anyone I have ever met....
- Ray Dalio Quote
“There is nothing to fear from truth. Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.” –Ray Dalio (as quoted by Maneet Ahuja in The Alpha Masters) ...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...