By Ray Dalio
Also see his favorite books here
Alkeon on why this is one of the best eras for stock picking ever [Q4 Letter]
Alkeon Growth Partners was up 11.42% net for the fourth quarter, bringing its full-year return to 54.4% for 2020. The MSCI AC World returned 14.35% for the fourth quarter and 14.34% for the full year. Q4 2020 hedge fund letters, conferences and more The best environment for stock picking In their fourth-quarter letter to Read More
Some of Martin Luther King Jr.’s principles that are worth reflecting on today:
Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
We must either learn to live together as brothers or we are all going to perish together as fools.
Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity.
Intelligence plus character – that is the goal of true education.
An Individual has not started living fully until they can rise above the narrow confines of individualistic concerns to the broader concerns of humanity.
If a man has not discovered something that he will die for, he isn’t fit to live.
Every person must decide at some point whether they will walk in light of creative altruism or in the darkness of destructive selfishness.
We must seek to do our life’s work so well that nobody could do it better.
Human progress never rolls in on wheels of inevitability; it comes through the tireless efforts of men.
The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
Ultimately a genuine leader is not a searcher for consensus but a molder of consensus.
This is no time for apathy or complacency. This is a time for vigorous and positive action.