People who achieve success and drive progress deeply understand the cause-effect relationships that govern reality and have principles for using them to get what they want. The converse is also true: Idealists who are not well grounded in reality create problems, not progress.
What does a successful life look like? We all have our own deepseated needs, so we each have to decide for ourselves what success is. I don’t care whether you want to be a master of the universe, a couch potato, or anything else—I really don’t. Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. Each of us needs to decide what we value most and choose the paths we take to achieve it. #principleoftheday
It is the job of central banks to maintain a balanced economy by not allowing too much credit into the monetary system. Learn more about central banks and their responsibilities in my new book, How Countries Go Broke: The Big Cycle.
#raydalio#principles#politics#Economics