- Ray Dalio has recently warned against holding cash or bonds, trumpeted the value of a balanced and diversified portfolio, and cautioned investors against trying to time the market.
- The billionaire investor also underscored bitcoin’s dominance and longevity but at the same time suggested that governments could ban cryptocurrencies, so recommended investing in rainy-day assets as a buffer.
- “In history, they’ve outlawed gold, and they’ve outlawed silver. They could outlaw bitcoin,” Dalio said while noting it has faced only modest competition over the past decade.
Theron Mohammed from Markets Insider writes:
“Ray Dalio warned against holding cash or bonds, trumpeted the value of a balanced and diversified portfolio, and cautioned investors against trying to time the market during a recent episode of the “We Study Billionaires” podcast.
The billionaire investor and Bridgewater Associates founder also underscored bitcoin’s dominance and longevity, suggested that governments could ban cryptocurrencies, and recommended investing in rainy-day assets.
Here are Dalio’s 8 key quotes from the interview, lightly edited and condensed for clarity:
1. “Investors make the mistake of judging their wealth in the number of dollars or pounds or whatever currency they’re looking at it. They should judge it in relationship to buying power. They make serious mistakes if not, particularly in judging the riskiness of cash…”
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Economic Left 
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