Dow Jones Industrial Average (DJIA) futures were flat on Wednesday, pointing to a nervous stock market open. With US stocks at record highs, billionaire hedge fund manager Ray Dalio warned that growth is unsustainable and a “big squeeze” is coming. In the same week, Dalio released a provocative essay entitled The World has Gone Mad…
Ray Dalio is the founder and co-chair of Bridgewater Associates, the world’s largest hedge fund. Dalio is bullish on gold, predicting the metal to be a major investment asset ahead of a ‘paradigm shift’ within global markets. The Wall Street mogul has made over $50 billion for his clients. Ray Dalio warned of a “scary…
Amazon founder Jeff Bezos had an awful week, at least for a billionaire. First, he lost his title as the world’s richest person to Bill Gates. As if that wasn’t enough, Microsoft – the company that made Gates the world’s wealthiest man – beat out Amazon for a mammoth government contract. It’s been a tough…
The fall of the Bitcoin price to June lows on Wednesday may just be a harbinger of more pain to come for cryptocurrency enthusiasts and hodlers. According to the CEO of crypto merchant bank Galaxy Digital Mike Novogratz, Bitcoin could drop to below $6,500, a level last recorded in May. Bitcoin price in sideways movement…
One of Billionaire Warren Buffett’s most legendary investment tests has been dragged into the light from an old 1989 Berkshire Hathaway letter to shareholders. Would mercurial Tesla CEO Elon Musk get a passing grade from Buffett? Probably not. Warren Buffett Uses The “Institutional Imperative” to Judge CEO’s Elon Musk is an undeniably brilliant individual. Take…
The financial hit that billionaire money manager Ken Fisher is taking after making sexist remarks at an industry event is growing by leaps and bounds. Currently, Fisher Investments is on track to lose over $1.5 billion in client investments. Already, three clients have already divested amounts totaling nearly $1 billion. This includes the state of…
In what may be a very bullish sign for the stock market, multi-billionaire Warren Buffett is preparing to dip into his historic $122 billion cash pile. In a filing to the US Federal Reserve, Buffett’s Berkshire Hathaway signaled it would like to increase its holdings of Bank Of America, (NYSE: BAC) as the Oracle of…
The U.S. stock market is near record highs, and the labor market has been growing steadily, courtesy of stable economic readings throughout 2019. However, the good times can’t last forever, and billionaire investor Howard Marks at Oaktree Capital warns that a recession will eventually arrive. The question is: When? Speaking in a CNBC interview, Marks…
Billionaire bitcoin skeptic Ray Dalio was trolled on Twitter after gushing how much he enjoyed this year’s Burning Man festival. | Source: (i) Reuters/ Brian Snyder (ii) Ray Dalio Twitter Account; Edited by CCNRay Dalio, a billionaire investing guru and noted bitcoin skeptic, was teased for “ruining” Burning Man.Dalio is the founder of Bridgewater Associates,…
UK billionaire Alan Howard’s Elwood is reportedly making major investments in crypto hedge funds. | Source: Shutterstock A new crypto venture is on the horizon, boasting a $1 billion treasury and a mentor that Forbes in 2013 listed as “one of the 40 highest-earning hedge fund managers.” The unnamed platform is a part of Elwood…
