In a recent address at the 10th Milken Institute Asia Summit in Singapore on Thursday, Ray Dalio, billionaire investor and founder of Bridgewater Associates LP, voiced his preference for cash over bonds in the current economic climate. This statement reflects the ongoing challenges investors are facing globally as central banks grapple with regulating inflation.
Dalio expressed his aversion to owning debt instruments such as bonds during these uncertain times. He suggested that cash is a more favorable asset to hold temporarily, providing an insight into the mindset of a seasoned macro investor navigating the current financial landscape. This preference underscores the difficulties investors worldwide are confronting as they adjust their strategies in response to central banks' efforts to manage inflation.
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