Bridgewater

What Causes Asset Bubbles?

When we see a dramatic rise in asset prices, there is often an internal struggle between the two types of investors within us...The first is the value investor, “is this investment getting too expensive?”...The second is the momentum investor, “am I missing out on a trend?”

The 'End Of Dreams' And The Saving Of Appearances

"...in the wake of WW2, America has been backing itself into the corner of an ‘American-shaped’ (imposed), second wave ‘globalisation’, and that is the major risk posed today (as much as rising China), with ‘populism’ again markedly on the up. And ‘second wave globalisation’ is again yielding predictable political volatility (i.e. in ‘unexpected’ election results)."

Mauldin: The Distribution Of Pain

"Our socioeconomic situation is not going to get better, not for a long time... we’re going to see increasing tension and fragmentation in our society."

Visualizing How Billionaire Investors Hedge Against Geopolitical Black Swans

"The world is approaching a major inflection point and the intense amount of global angst we’re experiencing now stems from deep, structural forces that have been building over decades... we are experiencing the perfect storm of '-isms': nationalism, nativism, protectionism, and isolationism."

Ray Dalio Warns Of "Significant" Bond Market Risk

Casting his vote in the ongoing debate of which is a bigger bubble, bonds or stocks, Bridgewater's billionaire founder Ray Dalio, who has continued his whirlwind of media appearances in recent years, said that he sees a "significant amount of risk in the bond market."