Dalio: The Market Is No Longer Free
Billionaire investor Ray Dalio warned that the Federal Reserve is artificially inflating markets and normal valuation metrics no longer apply.
Billionaire investor Ray Dalio warned that the Federal Reserve is artificially inflating markets and normal valuation metrics no longer apply.
In a recent interview, the CEO of $135 billion DoubleLine Capital hit out at what he called “the most incredible fiscal lending ever contemplated."
The founder and chairman of private investment firm Equity Group Investments, said he thinks the capital markets are too willing to see good news.
This frenzied interest in certain high-risk penny stocks has Wall Street veterans at a loss to explain what’s going on, and what to expect.
“We have 50 percent in alternatives. I run a hedge fund book, but I run it as a portable alpha program," says CIO Susan Ridlen.
So much for uncorrelated assets. The results come just months after the fund revamped top management and revised its allocation to focus more on debt.
One stark statistic in an otherwise flat 2020 focuses on the penalty a "tactical" investor incurred by sitting out the biggest single-day gains.