RAY DALIO WARNS 'CASH IS TRASH' AS WARREN BUFFETT SITS ON $128 BILLION

Brian Snyder/Reuters Ray Dalio proclaimed "cash is trash" and warned Investors against ditching stocks for dollars in a CNBC interview on Tuesday. The Bridgewater Associates boss argued a weaker dollar and growing money supply would be eroded by the value of hard currency over the next few years. Dalio's advice contrasts with the stance of Warren Buffett, whose Berkshire Hathaway conglomerate was sitting on a record $128 billion in cash at l...

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Ray Dalio: Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institut
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Facebook PhotoFacebook: Facebook is an online social networking service. Its name stems from the colloquial name for the book given to students at the start of the academic year by some American university administrations to help students get to know each other. Facebook was founded in February 2004 by Mark Zuckerberg with
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Investor: An investor is a person who allocates capital with the expectation of a financial return. The types of investments include, gambling and speculation, equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc. This definition makes no distinction betwee
Berkshire Hathaway PhotoBerkshire Hathaway: Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3 to its shareholders for the last 44 years, while
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World: World is a common name for the whole of human civilization, specifically human experience, history, or the human condition in general, worldwide, i.e. anywhere on Earth.
Tuesday: Tuesday is a day of the week occurring after Monday and before Wednesday. According to some commonly used calendars , it is the third day of the week, but according to international standard ISO 8601, it is the second day of the week. The English name is derived from Old English Tiwesdg and Middle
Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Economic: An economy is the total sum of product and service transactions of value between two agents in a region, be it individuals, organizations or states. An economy consists of the economic system, comprising the production, distribution or trade, and consumption of limited goods and services between two