DEEP THOUGHTS FROM RAY DALIO – Pragmatic Capitalism

A very rare television interview with Ray Dalio, founder of BridgeWater, the world’s largest hedge fund. Dalio describes how he approaches the market and what his current outlook is.

Dalio says:

The USD will eventually lose its reserve currency status (over the next 10 years).
He is bullish about equities in 2011.
Equities are still comparatively cheap.
Gold is still unappreciated as an asset class.
Diversification is the key. Dalio likes diversfiying out of dollar denominated assets such as emerging markets and gold.
He believes the Fed saved us from a depression.
Economic growth will slow in Q4 2011.
De-leveraging is not over yet, but stimulus is offsetting the effects.
The economy will be much weaker in 2012.
He likes emerging market currencies.

Source: CNBC

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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