The world view from Westport

Dalio now says he doesn’t think the euro will fall apart, but he does think there is a “likely possibility that there will be fewer countries in the euro” in the future.

{1} {2} {3} {4} {5} {Single page} // Sidebar: Dalio’s market outlook

In a speech before Australian investors last fall, Dalio hammered home some familiar themes—including that most money managers are biased on the long side and in developed markets. He reckons that many investor portfolios are 90% correlated with stocks.

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