Billionaire investor Ray Dalio believes that the notion of “cash is trash” is no longer accurate in today’s macroeconomic landscape. Speaking at the Greenwich Economic Forum, Dalio stated that financial conditions have changed significantly in recent years, making cash a relatively attractive asset class, at least for the time being. He acknowledged that his previous statement about cash being trash was made when cash had little value. However, with the current expected returns, cash now appears relatively attractive due to its decent real return of around 1.5% and the absence of price risk. Dalio had previously emphasized the importance of minimizing cash exposure to avoid losses caused by currency debasement. He warned investors not to judge their returns or assets in nominal terms but rather in inflation-adjusted dollars, as cash can lose buying power. Dalio highlighted that cash would lose around 4% to 5% to inflation this year, making it a poor investment choice.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	6
People	Ray Dalio
Companies	Bridgewater Associates
Currencies	None
Securities	None