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"Cash in the developed world is a terrible asset," writes Bridgewater in its (300-page) year-end...

  • Tuesday, March 5, 10:28 AM ET
    "Cash in the developed world is a terrible asset," writes Bridgewater in its (300-page) year-end investor note. "We would be short cash of all the major currencies," in continues - hedge fund shorthand for borrowing to buy risky assets. Previous: Ray Dalio and his co-CIO have made no secret of their bullishness this year.
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    My non-risky asset positions (bonds, haha, and cash) is just a parking lot that charges a fee. I've taken to replacing a small part of my parking lot with gold. I'm down on the first swap, but not on the concept.
    5 Mar, 11:19 AM Reply Like
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