Cash isn't king, he says.
‘Get out of trash. There’s still a lot of money in cash.’ Ray Dalio If there are investors who believe cash is king amid this market bull run, they ought to think again, suggests Ray Dalio.
“Cash is trash,” said the hedge-fund luminary, who founded Westport, Conn.–based Bridgewater in 1975. The investment-management firm looks after some $160 billion. Dalio’s market commentary comes as the Dow Jones Industrial Average DJIA, -0.52% , the S&P 500 SPX, -0.27% and the Nasdaq Composite COMP, -0.19% indexes are trading near all-time highs, though equities were retreating from those record heights early Tuesday.
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