Sometimes people mistake generosity for not being fair.

For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office... (1/4) Image
... one employee asked, "It seems it would be fair to also compensate those of us who spend hundreds of dollars on gas each month, particularly in light of the NYC bus."

This line of thinking mistakes an act of generosity for some for an entitlement for everyone. (2/4)
Fairness & generosity are different things. Generosity is good and entitlement is bad, & they can easily be confused, so be crystal clear on which is which. Decisions should be based on what you believe is warranted in a particular circumstance & what will be most appreciated.3/4
If you want to have a community of people who have both high-quality, long-term relationships and a high sense of personal responsibility, you can’t allow a sense of entitlement to creep in. (4/4)

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More from @RayDalio

19 Nov
For example, my dad and most of his peers who went through the Great Depression and World War II never imagined the post-war economic boom because it was more different from than similar to what they had experienced. (1/4)
I understand why, given those experiences, they wouldn’t think of borrowing and putting their hard-earned savings into the stock market, so it’s understandable that they missed out on profiting from the boom. (2/4)
Similarly, I understand why, decades later, those who only experienced debt-financed booms and never experienced depression and war would borrow a lot in order to speculate and would consider depression and war implausible. (3/4)
Read 4 tweets
19 Nov
Wow! 20,000 good people who were eager to be charitable grabbed $50 charity gift cards and experienced what it’s like to receive this uniquely meaningful gift. (1/7)
By doing so, they discovered how great it would be to give this gift to others which will lead to many more millions of dollars going to charity and many more thousands of people experiencing this type of gifting and receiving. (2/7)
Because this was so hot you might have been closed out. Don’t worry. I will do this again before the holiday with several of my charitable friends who have generously agreed to contribute to another round of cards. (3/7)
Read 7 tweets
18 Nov
I want to give you and others a $50 donation to your favorite charities.

Here’s why. (1/3)
For 10+ years, I’ve been giving friends, family, and colleagues a unique type of holiday gift: donations to their favorite charities. I love it and the recipients love it because it gets money to those who need it most, eliminates wasteful giving, & spreads holiday spirit. (2/3)
There are no strings attached to this giveaway, so grab your $50 gift to give to your favorite charities and consider this uniquely meaningful gift for those on your own holiday shopping list.

You can get yours here: tisbest.org/redefinegiftin… #redefinegifting (3/3)
Read 4 tweets
18 Nov
This is a requirement.

Being considerate means allowing other people to mostly do what they want, so long as it is consistent with our principles, policies, and the law. It also means being willing to put others ahead of your own desires. (1/5) Image
If the people on both sides of an argument approach their disagreements in this way, we will have many fewer disputes about who is offending whom.

Still, judgments will have to be made and lines will have to be drawn and set down in policies. (2/5)
This is the overarching guideline: It is more inconsiderate to prevent people from exercising their rights because you are offended by them than it is for them to do whatever it is that offends you. (3/5)
Read 5 tweets
15 Nov
With the holidays coming, I want to pass along a unique type of gift that has been great for me and those I’ve given gifts to for the last 10 years. It’s the gift of a donation to their favorite charity. (1/8)
I love it (and others love it) because it gets money to those who need it most, eliminates wasteful giving, makes holiday shopping super easy, and spreads true holiday spirit. (2/8)
I used to send blank checks for my gift recipients to fill in with their favorite charities, but then I found a much easier way through Charity Gift Cards that can be redeemed at virtually any charity in existence (specifically, more than 1.5 million registered in the US). (3/8)
Read 8 tweets
11 Nov
Yesterday’s inflation report showed inflation raging so you are now seeing inflation erode your wealth. That is no surprise. (1/4)
Some people make the mistake of thinking that they are getting richer because they are seeing their assets go up in price without seeing how their buying power is being eroded. (2/4)
Today I am sharing a part of the Determinants chapter of my new book, Principles for Dealing with The Changing World Order, to remind you of key principles that are relevant now. (3/4)
Read 4 tweets

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