Manager of world's biggest hedge fund: Central bank easy money 'era is ending'
http://www.cnbc.com/2017/07/06/dalio-ce ... y-era.html
Earlier this month, he suggested that investors should put some of their assets in gold to guard against political and economic risk.
"It's clear that some are doing extraordinarily well and others are doing terribly, with gaps in wealth and income being the greatest since the 1930s," Dalio wrote.
He said such divisions created an atmosphere where people were more inclined to fight for their own views rather than seek common ground.
1. Dalio is nervous about global politics…
2. Dalio’s nervous about the federal debt, too…
Dalio’s principles are rooted in hyper-realism — accept your realities and use the tools and talents you have to move forward.
People hold onto opinions that are wrong, that stand in the way of them making the best possible decisions.
There are only two things that one has to do to be successful:
1. Know what the best decisions are and
2. Then have the courage to make them.
Bridgewater's Pure Alpha was long stocks and short bonds at the end of the third quarter, according to a document.
The strategy is also:-
1. long bonds in emerging markets,
2. long emerging-market currencies against the dollar and euro,
3. long the dollar against developed currencies,
4. long oil and other industrial commodities, and
5. long gold.
Checklist to identify the best time to sell stocks: a strong economy, close to full employment and rising interest rates.
Amassing an $18 billion bet against Europe’s biggest companies. The firm’s total asset pool is $150 billion
”I think we are in a pre-bubble stage that could go into a bubble stage ... The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent".
”I think we are in a pre-bubble stage that could go into a bubble stage ... The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent".
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