), the leader of the world's largest hedge fund, Bridgewater Associates, spoke at length with Bloomberg Thursday morning. Dalio gave his thoughts on the Fed's long- and short-term plans, his bearish view of stocks, the long-term debt cycle and the strategy the average investor should have.
"Try to achieve balance in various ways -- that's a whole subject about how to do it. Also, I think that gold, at 5% of your portfolio, at 10% of your portfolio, under the circumstances, would be also a prudent thing to do. Prudence is the important thing to do," Dalio said. Continue Reading »