Hedge fund manager Ray Dalio is now telling investors that "cash is trash'. Despite markets sitting at record highs and the steady ascent over the last few months, Ray Dalio now seems to think cash can still be put to work. Interestingly he was saying nearly the same thing right before the sell-off the last month of 2018.
Founder of world’s largest hedge fund says ‘cash is trash’ as the Dow soars to records
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