Quote by ray dalio - Deepstash

"You can’t make money agreeing with the consensus view."

RAY DALIO

2

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Leading in Product Management

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  • If prices inefficient markets already refl ect the consensus, then sharing the consensus view will make you likely to earn just an average return. To beat the market you must hold an idiosyncratic, or nonconsensus, view.
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There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing, as I hope I’ve convinced you by now, requires second- level thinking a way of thinking that’s different from that of others, more complex and more insightful. By defini...

Your point-of-view

Your point-of-view

Your point-of-view about money can be skewed. Thoughts can include:

  • You have to spend money to make money.
  • You need to make money to be rich.
  • Being friends with rich people will make you rich too.
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