May
18
Ray Dalio’s Bridgewater: This is not a bubble
ByScott Mlyn | CNBC
The largest hedge fund manager in the world is convinced the market is not a bubble about to burst.
“We think asset prices are high and, as a result, the future expected returns of passive investing are likely to be low. But … we do not see current conditions as a bubble,” Greg Jensen and Jacob Kline of Bridgewater Associates wrote in a private note to clients on May 1 obtained by CNBC.com…