Ray Dalio of Bridgewater Associates speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.SINGAPORE — Investors have the impression that cash is the least risky asset, but it's actually "not a safe investment," says Ray Dalio, founder of investment firm Bridgewater Associates.he said "cash is trash."
"I think that there's an instinct to think that cash is the lowest risk asset, because it has less volatility, and also because we look at everything through the lens of cash – what is everything in dollars worth," he told CNBC's "Street Signs Asia" on Wednesday.
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