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My painful mistakes shifted me from having a perspective of “I know I’m right” to having one of “How do I know I’m right?” They gave me the humility I needed to balance my audacity.

Principles

Ray Dalio

GENDER-EQUALITY PARADOX Sex differences in social outcomes (e.g. occupational choices) are greater in more gender-equal countries, suggesting that such differences cannot be simply blamed on misogyny or patriarchy (as academics and the mainstream media often claim).

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@G_S_Bhogal on Twitter

PROSPECT THEORY We hate losing money about twice as much as we like gaining it. Losing $10 upsets us roughly as much as gaining $20 pleases us. This bias favoring loss aversion over potential gain is the basis for much of our decision-making.

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@G_S_Bhogal on Twitter

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