Ray Dalio warns 'cash is trash' as Warren Buffett sits on $128 billion - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Ray Dalio warns 'cash is trash' as Warren Buffett sits on $128 billion

The advice from the billionaire founder of Bridgewater Associates, the world's largest hedge fund, contrasts with the stance of Warren Buffett, whose Berkshire Hathaway conglomerate was sitting on $128 billion in cash at last count.

Dalio warned the value of hard currency would be eroded by a weaker dollar and growing money supply. He recommended investors build a globally diversified portfolio that includes"The depreciation of the exchange rate and the printing of money over the next few years is going to be the biggest thing," he said. "Cash is not gonna be good."

, Bridgewater Associate boss Gregg Jensen told the Financial Times that Gold could spike 30% to a record high of over $2,000 an ounce as central banks allow inflation and political fears mount." if they hoarded cash while stocks soared. The three main US stock indexes — the Dow Jones Industrial Average, the S&P 500, and the Nasdaq — are currently trading close to record highs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh, but last year he mostly opened shorts and that's why his hedge fund underperformed the S&P500.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS wealth management saw 2 billion-dollar clients pull money in Q4 - Business InsiderOne of the clients had an account between $3 billion and $4 billion, while the other was between $1 billion and $2 billion, a person familiar with the matter said.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A SoftBank partner described WeWork a 'very, very good' business - Business InsiderA SoftBank partner described WeWork a 'very, very good' business lol
Source: BusinessInsider - 🏆 729. / 51 Read more »