Don’t Say It, Ray! Dalio Reprises Infamous ‘Cash Is Trash’ Call, Raising Specter Of 2018 Rout

Don’t Say It, Ray! Dalio Reprises Infamous ‘Cash Is Trash’ Call, Raising Specter Of 2018 Rout

Two years ago Thursday, at Davos 2018, Ray Dalio sat with CNBC's Joe Kernen, Becky Quick and Andrew Ross Sorkin, to chat about the macro outlook against a backdrop of snow-laden conifers. Everyone donned the traditional goose down. As usual, nobody bothered to explain why every Davos interview seems to be conducted outdoors, in the freezing cold. "We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with a big jolt of stimulation c
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4 thoughts on “Don’t Say It, Ray! Dalio Reprises Infamous ‘Cash Is Trash’ Call, Raising Specter Of 2018 Rout

  1. Let’s face it, we are in totally uncharted territory. Dalio, Tudor Jones, Tepper, the Fed have no idea how this is going to progress because we have really never seen anything like this. The US will be Japan but we are not there yet. Listening to these opinions on the market is about as helpful as listening to my wife on the Super Bowl.

    We may think we know how this plays out but really no one has a clue. If some admit that look for a rougher ride (maybe) – because we are in Alice in Wonderland now.

    1. I try. And, I mean, as I’ve said before, Ray’s legacy is cemented, so he needn’t be concerned about what anyone says, but it’s just never a good idea to speak in absolutes like he did there (and in 2018). That goes for markets or anything in life. Speaking in absolutes is a good way to make yourself look silly, even if you’re basically a god, like Ray.

      1. Agreed. I’ve learned the hard way over the years both not to speak in absolutes and not to take the absolute advice from an authority without digging into the reasoning and nuance behind the comment.

        On another note, love your work and it is much appreciated, especially at this time.

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