Why Ray Dalio Says “Cash is Trash”
Inflation, excessive money printing, and loss of intrinsic value
Last week, the billionaire founder of the hedge fund “Bridgewater Associates” Ray Dalio, in an interview on the sidelines of the World Economic Forum in Davos, Switzerland said that in the current financial and economic environment cash is trash.
Ray Dalio is one of the greatest hedge fund managers of all time, born in 1949, he started his career in finance on the floor of the New York Stock Exchange as a commodity futures trader, immediately after completing his education. Then, in 1975 he founded the investment management firm “Bridgewater Associates” out of his apartment, it now manages about $160 billion. He appeared on the annual Time 100 list of the 100 most influential people in the world, and with an estimated net worth of $18.7 billion (Forbes 2019) is one of the richest men on earth.
