Dalio said 'cash is trash' back in 2020, but in 2023 the founder of Bridgewater Associates changed his mind.
Veteran investors stay in the game by sticking to their principles, but sometimes those principles change based on the situation on the ground.
Fast forward to 2023, Dalio had a clear change of heart when he declared that"cash is good," leaving some of his followers perplexed at the abrupt change in philosophy."Sometimes cash is good and sometimes cash is bad. This is based on a number of measures I use and want to pass along so I can help you 'fish' rather than give you a 'fish' ,"So what's the determining factor for when cash is a good thing to hold and when it isn't? Interest rates.
whether the Fed is likely to tighten or ease rates based on whether inflation and growth are higher or lower than the Fed wants them to be
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