The Most Important Lesson: Humility
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.
The Best Principle to Deal with Pain
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
Why are UK Debt Costs Higher than the United States’?
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
Ray Dalio’s Thoughts on Democracies with @ChrisWillx
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
Success IS NOT What you Think it Will Be
2025-08-28
Never rule out a goal because you think it’s unattainable.
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