Published on 21 Nov 2021 on Insider Monkey via Yahoo Finance
In this article, we discuss the 10 stocks that Ray Dalio is doubling down on. If you want to skip our detailed analysis of these stocks, go directly to Ray Dalio is Doubling Down on These 5 Stocks.
Ray Dalio, one of the most successful hedge fund managers of 2020, has decided to set up a Chinese fund through a local subsidiary at a time when Chinese stocks are being hammered due to an ongoing government crackdown in the Asian country. A report in the Securities Times suggests that the investor is looking to raise nearly $468 million for the purpose. His latest move comes as no surprise since over half of the assets he manages are for non-US clients.
Dalio was recently interviewed by news publication The New York Times ahead of the launch of his new book titled The Changing World Order that tackles complex subjects like inflation, the US-China rivalry, and the rise of cryptocurrencies. In the interview, Dalio delves into the business history of successful empires like America, China, and the Europeans through history, drawing parallels and providing insight for the present-day investor from them. Dalio has a personal net worth of $20 billion and his hedge fund had a portfolio value of $18 billion at the end of the third quarter of 2021.
Start tracking your investments with StatfolioSign up for free