Billionaire investor Ray Dalio says portfolios are like casinos - and crypto hype is overblown. Here are his 7 best quotes from a new interview.
The billionaire investor and Bridgewater Associates founder questioned cryptocurrencies' value as stores of wealth and mediums of exchange, and predicted superior coins will be launched in the future. He also compared life to a video game, lessons to precious gems, and meditating to ninja training.1."The markets are a zero-sum game. It's like poker — somebody's going to take money away from somebody else. And it's more difficult to compete in than the Olympics.
3."All the digital currencies basically do not replicate anything. They move up and down for all. It's not an inflation hedge, it's not an effective storehold of wealth. You almost have nothing to hang your hat on. And it's tiny. Bitcoin right now probably has a a total value of maybe a quarter of what Microsoft stock is and so on. It becomes a preoccupation by people that is disproportionate with its true reality.
5."Life is more like a video game than it is like school. You're going out there, you encounter these things, you learn and so on, rather than you sit there and remember what you're taught."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billionaire Ray Dalio Destroys Crypto HypeHedge fund titan Ray Dalio recently shared his thoughts on cryptocurrencies, suggesting that digital currencies such as Bitcoin are not a good bet for investors due to their inability to replicate anything
Read more »
Ray Liotta to receive posthumous star on Hollywood Walk of FameThe ceremony will be held Friday, Feb. 24, the same day his newest film 'Cocaine Bear' opens in theaters.
Read more »
Ray Liotta to receive posthumous star on Hollywood Walk of Fame'Goodfellas' actor Ray Liotta will be honored with a posthumous star on the Hollywood Walk of Fame, nine months after his death.
Read more »
Ray Liotta to receive posthumous star on Hollywood Walk of Fame'Goodfellas' actor Ray Liotta will be honored with a posthumous star on the Hollywood Walk of Fame, nine months after his death.
Read more »
Violet Evergarden the Movie 4K & Blu-ray Release Date SetCrunchyroll announced on Thursday that the 4K Ultra HD and Blu-ray release for Violet Evergarden the Movie has been set.
Read more »
Ray Liotta to receive posthumous star on Hollywood Walk of FameThe ceremony will be held Friday, Feb. 24, the same day his newest film 'Cocaine Bear' opens in theaters.
Read more »