Ray Dalio On How Expectation Impact Happiness

Core Concept of Happiness - Happiness is largely determined by how circumstances unfold in relation to expectations, rather than absolute conditions [1] - A $10,000 gain elates someone with limited funds, while a $100 million loss depresses someone with billions, highlighting the relativity of happiness [1] - Attachment to expectations can hinder experiencing joy from the journey itself [2] Dilemma of Expectations - Becoming overly attached to expectations can create a dilemma [1][2] - Letting go of expectations and embracing the journey may lead to greater joy [2]