Cash is Trash - Throw it Out says Ray Dalio - Explained

Ray Dalio says that trash is cash and that one should be well diversified with a portfolio but that one should not own cash and cash similar investing instruments like bonds or certificates of deposit.
The definition of cash as currency tells us it is a store of value and a medium of exchange but it certainly hasn't been and will never be a long-term store of value.
Over time, especially since 1971 and the Nixon shock when the dollar was decoupled from gold, it has been a proper currency collapse alongside constant inflation and rising debt levels all thanks to low interest rates and money printing. With loose monetary policies it is clear that cash is trash and something you might reconsider holding in your portfolio.

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Видео Cash is Trash - Throw it Out says Ray Dalio - Explained канала Value Investing with Sven Carlin, Ph.D.