“I Didn’t Know The Room Needed Air”: Harvey Schwartz on Mental Health

2025-12-01

In 1979, I was so broke that I had to borrow $4,000 from my Dad to help take care of my family.

I had calculated that American banks had lent much more money to foreign countries than they would be able to pay back, and anticipated an imminent debt crisis.

But I couldn’t have been more wrong. I didn’t fully understand the impacts of quantitative easing, and so I lost money for myself and I lost money for my clients.

Looking back, it was the most painful experience I could imagine — but it was also the best thing that ever happened to me, because it taught me humility.

2025-11-10

Don’t just react to pain — reflect on it. To overcome any obstacle, you must think deeply about how reality works and develop principles to guide your actions. That’s the only way to learn from your mistakes so you don’t repeat them. The pain is the signal! @TheDiaryOfACEO

2025-09-18

Ultimately, it all comes back to supply and demand.

Debt costs are higher in the UK than in the US because the British pound is no longer a reserve currency. It’s not an effective storeholder of wealth because people aren’t transacting in it like they do with US dollars.

Since many people around the world transact in dollars, that increases the demand and ultimately helps when it comes to servicing debt. @MasterInvestorChannel

You can watch the full conversation here: ?si=1nUp9HME9GFIrC95

2025-09-17

The increasing political polarization we’re seeing today isn’t anything new. It’s similar to what we saw in the 1930s, and it’s even something Plato wrote about a couple thousand years ago.

In democracies, people vote for their interests. And since people generally want more, politicians want to give it to them — and are willing to go into debt to make that happen.

Ultimately, things reach a breaking point where discipline is needed. People want somebody to get control of the government and make it work well.

But there are two versions as to who that somebody is.

In the 1930s, this led to the rise of fascism (for people who wanted a strong leader to lead a command economy) and communism (for people who wanted to redistribute opportunities).

Inevitably, these two clashing visions

2025-08-28

Never rule out a goal because you think it’s unattainable.

2025-08-13

THESE are the most important things for 20 year olds to consider.

#raydalio #principles #advice #motivation #lifeadvice

2025-08-07

If we want to resolve our current income, wealth, and productivity gap, we need to get back to the basics.

We need good education, so our children are productive and can work well together.

We need a civil society with rule of law, and good capital markets that produce good income.

And we need to double down on the fundamentals — earning more than we spend, and having more assets than liabilities.

Do all of that, and we’ll be in great shape.

2025-08-06

When an empire runs out of its own money, it is able to increase the supply of money. However, printing more money causes borrowing to increase creating a financial bubble. I urge you to watch “The Changing World Order” on my YouTube channel to understand how, and what it means for all of us.

#principles #raydalio