Mar 1 • 5M

Is Cash Trash? The Narratives Are Changing...

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To investors,

Narratives in financial markets can change very quickly. One day everyone is thinking X is a good idea and the next day the consensus belief is the exact opposite. Nowhere is this better illustrated over the last 24 months than with the cash position of investors’ portfolio.

Ray Dalio famously said on CNBC that “cash is trash.” But now he ha…

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