‘I Still Think Cash is Trash’: Ray Dalio Doubled Down on Dollar Doubts in Reddit ‘Ask Me Anything’ (Business Insider)
Ray Dalio, the billionaire boss of the world’s largest hedge fund, still views cash as a poor investment even after the novel coronavirus tanked global markets. The Bridgewater Associates chief proclaimed that “cash is trash” in a CNBC interview in late January, arguing that a weakening dollar and mushrooming money supply would erode its value over time. Unsurprisingly, Bridgewater’s flagship fund eschewed cash in favor of betting on stocks, commodities, and other assets to rise this year. The strategy meant it suffered a 20% loss in the first quarter, according to Bloomberg. Yet Dalio doubled down on his disdain for cash during a Reddit “ask me anything” session on Wednesday.
Former Hedge Fund Billionaire Picks Bitcoin Over Gold, Treasuries And The Dollar (Forbes)
Bitcoin and cryptocurrency investors are feeling bullish after a rocky start to the year. The bitcoin price, trading more-or-less flat for 2020 so far, had rocketed in the first few months of the new decade but its rally was halted in its tracks by the coronavirus crisis. Now, as bitcoin bulls eye the upcoming bitcoin halving – among other major developments on the horizon – former hedge fund billionaire-turned crypto investor, Michael Novogratz, has bet that bitcoin will outperform almost every other market over the next few months.
Edwards Lifesciences Corp (EW) Chairman & CEO Michael A Mussallem Sold $4.6 million of Shares (Guru Focus)
Chairman & CEO of Edwards Lifesciences Corp., Michael A Mussallem, sold 22,850 shares of EW on 04/07/2020 at an average price of $202.34 a share. The total sale was $4.6 million. Edwards Lifesciences Corp is a part of the healthcare sector. The company specializes in the treatment of structural heart disease. It manufactures heart valves and repair products used to replace or repair a patient’s diseased or defective heart valve.
What Did This CEO Just Do with Personal Shares of Rare Element Resources (Other OTC: REEMF)? (Analyst Ratings)
Today, the President & CEO of Rare Element Resources (REEMF), Randall John Scott, sold shares of REEMF for $5,601. Currently, Rare Element Resources has an average volume of 68.42K. The Company has a Price to Book ratio of 10.88. The company has a one-year high of $0.96 and a one-year low of $0.09.
Thursday 4/9 Insider Buying Report: NREF, SALM (Nasdaq.com)
On Tuesday, NexPoint Real Estate Finance’s President, James D. Dondero, made a $392,301 purchase of NREF, buying 44,179 shares at a cost of $8.88 a piece. Dondero was up about 25.5% on the buy at the high point of today’s trading session, with NREF trading as high as $11.14 in trading on Thursday. NexPoint Real Estate Finance Inc is trading up about 9.1% on the day Thursday. Before this latest buy, Dondero made one other purchase in the past twelve months, buying $381,092 shares at a cost of $18.99 a piece. And on Monday, Chairman of the Board Stuart W. Epperson purchased $50,567 worth of Salem Media Group, purchasing 59,411 shares at a cost of $0.85 each. Before this latest buy, Epperson purchased SALM at 2 other times during the past year, for a total cost of $112,449 at an average of $0.98 per share. Salem Media Group, Inc. is trading up about 8.8% on the day Thursday.
