Ray Dalio on "Money"

Devo

https://www.yahoo.com/now/worlds-largest-hedge-fund-founder-180310822.html

I found this opinion interesting in the context of our discussions in and around TIPS. Basically, if you take all the bs out of crypto and coin and what not, Dalio is suggesting a future where we hold cash indexed to inflation. TIPS are just that minus the cash in the bank part. TIPS Bond holders get inflation + real yields. If one likes inflation linked cash, that means Real Yield = zero. Right now TIPS offers Real Yields of +1.4-1.7% depending on the maturity. This is part of the reason I am leaning into TIPS. As @yogibearbull has often written, he prefers 5 year TIPS. There too one gets 1.4% Real yield and much less duration than the 30 year TIPS which makes the 5-year bonds less volatile.

In any case, increasingly I feel the inflation priced into the bond market of around 2.25% and the inflation I feel all around me are such different things. I don't quite know what's a good answer to the problem except holding a healthy amount of TIPS. Of course if you hold stocks for the very very long run, eventually the earnings and dividends are in excess of whatever yields tips will generate.

davidrmoran

eat the rich, ffs

https://www.nytimes.com/2023/02/20/business/bridgewater-ray-dalio-retire.html

Sven

More interest read on Ray Dalio:

Billionaire Ray Dalio, founder of the hedge fund Bridgewater Associates, will receive billions of dollars in exchange for his retirement from the firm after “more than six months of frantic behind-the-scenes wrangling,” according to the New York Times, and after controversial comments about China raised eyebrows.

https://forbes.com/sites/tylerroush/2023/02/20/ray-dalio-worth-19-billion-will-get-billions-more-after-frantic-exit-negotiations-report-says/?sh=49fd6cba4a01

Derf

He must think he's the QB of the fund !!

hank

Always liked Dalio. If he was given the ”heave-ho”, as @Sven’s linked article suggests, I’m inclined to believe it had more to do with his public comments about the intolerable, growing and increasingly dangerous wealth disparity in this country (including a 60-Minutes interview) than anything he might have uttered concerning China.