“I (Barry) find your focus on self-reflection and error correction, on enlightenment refreshing compared to the rest of Wall Street.” or words to that effect.
He swivels around to face me full on, and says “Isn’t that what it is all about? If you don’t understand yourself, how can you ever meet your goals, in life or in investing?”
I like to think this is something I have conveyed through my blog posts. This is about staying on your own mat (a yoga phrase whereby you don't worry about how well the person next to you is doing the poses, you just focus on how you do the poses).
We are all formed by our unique life experiences and while everyone is entitled to their goals there are limits with numbers. Someone who makes and lives a $100,000 lifestyle is not going to be able to live a $200,000 lifestyle (assumes no massive inheritance or winning lottery ticket). More practically it will be difficult for someone accustomed to making $100,000 but living a $115,000 lifestyle to continue on in that fashion. Those numbers are at great risk of not working.
Am important point I think I see in Dalio's comment is understanding what your real goal is. I think that if people think about it, many would realize they just need to focus on having enough when they need it. From there if they can realize that maybe they don't need quite as much stuff as they think then it becomes much easier to have enough when it is needed.