Investing
Dalio’s Shift on Cash is Reminder to Check Your Savings Accounts
With billionaire hedge fund founder changing his stance, it’s a good time to take a look at how much interest you’re earning.
Ray Dalio, founder of Bridgewater Associates LP.
Photographer: Takaaki Iwabu/BloombergThis article is for subscribers only.
Ray Dalio has changed his mind on cash.
The founder of Bridgewater Associates has been disparaging cash as an asset since early 2018. But with interest rates rising sharply, the billionaire investor has had a change of heart. Cash, he recently tweeted, now offers “neither a very good or very bad deal.”