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☆ 'Avatar' filmmaker James Cameron and billionaire Ray Dalio invested in a submarine company. See inside the submersibles popular with the uber-wealthy.
▼ + stars: | 2023-01-17 | by ( Grace Kay | ) www.businessinsider.com time to read: 1 min

In December,Triton Submersibles announced that Bridgewater's Ray Dalio and Hollywood filmmaker James Cameron had each taken an equity stake in the company. James Cameron (left) and Ray Dalio (right). Its not the first time the two men have worked together. In 2021, National Geographic announced a docuseries called "OceanXplorers" executive produced by Cameron and Dalio. Source: Triton Submersibles, National Geographic

☆ Sam Bankman-Fried is now writing his own newsletter while under house arrest at his parents' $4 million property: 'I didn't steal funds'
▼ + stars: | 2023-01-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Presumably writing from his parents' $4 million property in Palo Alto, California near Stanford, Sam Bankman-Fried published a lengthy newsletter yesterday, titled "FTX Pre-Mortem Overview." One statement stood out to me: "I didn't steal funds, and I certainly didn't stash billions away." In the note, Bankman-Fried highlighted that both FTX and Alameda Research were raking in billions in profits in 2021. A key to the collapse, he explained, was 2022's crypto bear market that left just about every token worth dramatically less than the year prior. Well, Bankman-Fried yesterday outlined two versions of the hedge fund's balance sheet, one from each of the past two years.

☆ 2 brothers quit their Wall Street jobs to build ETFs that help everyday investors reach their money goals. They explain how a Ray Dalio-inspired strategy helped their funds outperform the S&P 500 in 2
▼ + stars: | 2023-01-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Brothers Taylor and Brett Sohns have worked on Wall Street for most of their careers. These parameters can be found in what's called the "prospectus," which is a document that outlines the ETF's investment strategy and potential risk. Consider the process of buying cereal, explained Taylor: "Say you want Lucky Charms. The S&P 500 is down about 18% year-to-date, so we're outperforming that by about 5%," explained Taylor. While you may not do exceptionally well, you'll also never do exceptionally bad, explained Taylor: "In a rip-roaring up market, his product and our product will underperform.

The jump was aided by Bridgewater China's raising of 2.7 billion yuan through a product launch in December, said the sources. Connecticut-based Bridgewater launched its first onshore China fund in 2018, and three years later its assets under management (AUM) in China exceeded 10 billion yuan, catapulting the firm past Winton and Man Group to become the biggest foreign hedge fund house in the country. By early November, Bridgewater's onshore China funds grew to roughly 19 billion yuan, Shanghai government data showed. The steady performance of Bridgewater's China funds - mainly targeting wealthy individuals - was highlighted in the hedge fund firm's sales pitch, which was seen by Reuters. Bridgewater's first China fund achieved an annualised return of 15.6% in the four years following its October 2018 launch.

☆ ‘Principles for Navigating Big Debt Crises’ Review: Charting the Markets
▼ + stars: | 2023-01-06 | by ( Daniel Rasmussen | ) www.wsj.com time to read: 1 min

Ray Dalio’s “Principles for Navigating Big Debt Crises” is the work of a self-taught economist and self-made billionaire. The first 70 pages of the book, in which the founder of Bridgewater Associates introduces his theory of debt cycles, have no citations. He apparently stands on the shoulders of nobody. Mr. Dalio’s education came on trading floors, not in classrooms. “Big Debt Crises” is his response to that challenge: a compilation of historical case studies presented as a trader would have experienced them in real time.

☆ Wall Street's biggest investors are all but sure of a recession next year. Here’s where they are hiding out
▼ + stars: | 2022-12-29 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

For investors looking for a way to ride out the storm in one piece, here are where the biggest investors are hiding out. Emerging markets Bond King Gundlach said it's time to buy emerging market stocks as the dollar has likely hit its peak. Cash Cash, one of the most hated corners of the market for years, has gotten some newfound love as risk assets remain stuck in a rout. Buying safe government bonds allows investors to shop for riskier, more opportunistic credits in the market, Gundlach said. Spreads on non-Treasurys have widened, including guaranteed mortgages, junk bond yields, emerging market debt and asset back securities, he added.

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

☆ Here’s how to invest in the stock market next year, according to Bank of America
▼ + stars: | 2022-12-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

"Once rate hikes bite labor markets, the Fed will pause, and investors should deploy the $1.9 trillion," Bank of America strategists said. With a new normal of elevated inflation, BofA expects equal-weighted stock market indices to perform better than market-cap-weighted ones. How will you adjust your stock market investing strategy for the new year as recession signals heat up? The legendary investor estimated that policymakers may push the benchmark rate as high as 5.5%, which he warned could weigh especially heavily on the stock market. The stock market's recent run is due to fail even as investors are anticipating a Fed pivot ahead.

☆ Banker bonuses are set to be so bad even the firm's revenue drivers are going to get dinged
▼ + stars: | 2022-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. While they aren't internally announced and paid until early next year, firms are wrapping up discussions about the size of bonus pools that divisions will be able to disperse from. And for many firms, the pools are being resized from Olympic to kiddie. The Financial Times reported Friday that JPMorgan Chase, Citigroup, and Bank of America are considering cutting bonus pools within M&A and IPO teams by 30%. More on how crypto firms are hoping ads can quell trust concerns.

☆ The bubble in predicting the end of the world
▼ + stars: | 2022-12-01 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Former U.S. Treasury Secretary Larry Summers says the world faces the “most complex, disparate and cross-cutting set of challenges” he’s ever encountered. In his wittily titled “The End of the World is Just the Beginning”, the geopolitical strategist suggests that a number of countries from Germany to China face insuperable demographic challenges. The threat to America’s global hegemony from China is the subject of Ray Dalio’s “The Changing World Order”. The U.S. stock market bubble has only partially deflated, bond yields around the world trail below inflation, and global property markets are exposed to rising interest rates. The Assyrian who forecast the world would end in 2800 BC was wrong.

☆ 7 CEOs on the ‘innovative’ and ‘timely’ books everyone should read this winter
▼ + stars: | 2022-11-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Many of the world's most successful CEOs and business leaders swear by their reading habit. CNBC Make It asked 7 CEOs to share their favorite reads for the holiday season. It is so timely and necessary given the pace of work and the amount of distractions. Unlike reading a typical book, which can feel passive, 'Embrace The Work, Love Your Career' is an experiential journal. This book is a quick read that really helped me connect to the ways we tend to tell ourselves stories to self-justify our thoughts and actions.

☆ 100 years of stock-market history show the sell-off is likely only half done, says a 30-year market vet who called the downturn. Here are 3 criteria to watch to know when the worst is over.
▼ + stars: | 2022-11-19 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Jon Wolfenbarger thinks stock-market investors are still too optimistic that a bear market bottom is coming sometime in the immediate-to-near future. When bear markets occur when valuations are relatively high, the bear markets tend to drag on longer. The median bear market length during periods of high valuation among those listed above is 17 months, Wolfenbarger said, compared to 13 months when valuations are attractive. Given that the current market sell-off began amid some of the highest valuations in history, Wolfenbarger said he expects the bear market to last 17 months or longer. Wolfenbarger's views in contextIn June, Societe Generale conducted a similar analysis to Wolfenbarger's and looked at bear markets over the last 150 years.

☆ Ray Dalio says none of China's new leadership team appear to be 'extremists'
▼ + stars: | 2022-11-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Ray Dalio, founder of Bridgewater Associates, received an award from the China General Chamber of Commerce-USA in February 2022. China News Service | China News Service | Getty ImagesBEIJING — American billionaire Ray Dalio said while he's far less familiar with China's new leadership team than prior officials, he expects worries about their future policies are overdone. Here are the highlights:China's leadership reshuffle"I want to emphasize that none of the new people appear to be extremists," Dalio said. Dalio said the leadership changes mean most of the people he knew who were "reformist-globalists" are being replaced. This week, Xi and U.S. President Joe Biden met in person for the first time since Biden took office.

☆ Chinese stocks roar in a comeback, but here’s why big investors remain cautious
▼ + stars: | 2022-11-17 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

A stunning reversal in Chinese stocks in November has investors once again reassessing whether now is the time to double down on this once-hot market. "Biden's comments that he did not see an imminent threat to Taiwan from China were also noteworthy...," said Chang to CNBC. Investors CNBC spoke to remain encouraged by the country's much-needed reopening but want more evidence to suggest Beijing is easing its zero-Covid policy. The latest third-quarter 13F filings ending Sept. 30 also show several reputable hedge funds reducing their exposure to Chinese tech stocks. These positions may have changed since the end of September, but the data does suggest buy-side investors remain cautious on owning Chinese tech.

☆ Meet the key people involved in the passing of the torch at Ray Dalio's Bridgewater Associates
▼ + stars: | 2022-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Co-CEOs of Bridgewater Associates Nir Bar Dea and Mark Bertolini. When it comes to the world of hedge funds, there's arguably no bigger name than Ray Dalio. It's not just the fact that Dalio grew Bridgewater Associates to the $150 billion behemoth that it is today. To be sure, Bridgewater isn't the only hedge fund in the midst of a changing of the guard. The dispute between billionaire Dan Och and Sculptor Capital Management doesn't seem like it'll be cooling off anytime soon.

☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
▼ + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com time to read: +14 min

Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks would still need to fall more than 50% just to reach valuation norms — and warns of an 'avalanche of earnings disappointments'
▼ + stars: | 2022-10-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman says stocks would have to fall more than 50% further to hit valuation norms. Stocks have staged an impressive rally in recent weeks, with the S&P 500 up 9% since October 12. For Hussman, valuations are still too high, even though the benchmark index has fallen as much as 25% this year. Still, valuations are nowhere near levels that we associate with satisfactory long-term market returns, so I suspect that more shoes will drop." The earnings disappointments Hussman sees will be caused by restrictive monetary policy from the Federal Reserve that weigh on demand.

☆ America's top bankers worry more about the world than a recession
▼ + stars: | 2022-10-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

“The relationships of the Western world would have me far more concerned than whether there’s a mild or slightly severe recession [in the United States],” he added. “Saudi Arabia and the United States have been allies for 75 years. Fix social media but keep innovatingSchwarzman also highlighted rising interest rates and “the problems of relationships among countries” as the major challenges facing businesses. To that list he added social media. “One of the things that we’re almost not aware of is how difficult it is for governments to function in a world of social media,” Schwarzman said.

☆ The billionaire founder of Interactive Brokers warns that stocks have another 20% downside as investors underestimate the impact a stagnant economy will have on earnings
▼ + stars: | 2022-10-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Interactive Brokers founder Thomas Peterffy is bearish on stocks over the next few quarters. Thomas Peterffy, the billionaire founder of Interactive Brokers, doesn't see the Federal Reserve succeeding in its goal to bring inflation back down to its long-term target of 2%. That doesn't mean, however, that the Federal Reserve will remain committed to reining in inflation, like they've pledged. Investors "are not accounting for the earnings hit that we will get from reduced demand," Peterffy told Insider on Friday. Rallies have been continually stymied by realizations that the Fed is going to have to raise interest rates higher than investors had originally expected.

☆ The stock market could rally for another few months as upbeat earnings mask the pain to come in 2023, Morgan Stanley's Mike Wilson says
▼ + stars: | 2022-10-21 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Earnings may not fall fast enough to give investors a preview of pain to come, according to Mike Wilson. "The finishing move is going to be all about earnings disappointment," Wilson told Bloomberg TV. The bank's chief equity strategist Mike Wilson said Thursday that surprisingly upbeat earnings are failing to show investors that earnings are set to fall and the stock market has yet to bottom out. "We're not sure that earnings are going to come down fast enough to convince the market how bad 2023 is going to be on the earnings front," he told Bloomberg TV. But Wilson believes investors have stopped buying into bear market rallies and are now fatigued to the point where they're waiting for an obvious stock market bottom.

☆ US Treasury yields hit post-crisis highs as expectations for more aggressive Fed rate hikes ramp up
▼ + stars: | 2022-10-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US treasury yields touched their highest levels since the Great Recession on Thursday. The rise is fueled by expectations of big rate hikes at the next two Fed policy meetings. Minneapolis Fed President Neel Kashkari warned the terminal fed funds rate could be even higher than expected this week, putting investors on edge. Fed officials will convene on November 1-2 at the next Federal Open Market Committee meeting, where they are widely expected to issue another 75 basis point rate hike. That would be the fourth jumbo increase this year, and would bring the fed funds rate to a range of 3.75%-4.00%.

☆ A 26-year market vet breaks down why investing legend Jeremy Grantham is correct to compare the current market to the 2000 and 2008 'superbubbles' — and warns stocks will fall another 20%
▼ + stars: | 2022-10-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

There's little reason for optimism in today's market, Lance Roberts laments. Just look at the barrage of headwinds facing stocks right now, the RIA Advisors CIO said in an October 10 commentary. At the start of this year, investing legend and founder of GMO Jeremy Grantham, said stocks were in their fourth superbubble in the last century given that market valuations had veered from historical norms so drastically. On Friday, Roberts told Insider that he agrees with Grantham's assessments, and that he sees the S&P 500 dropping to around 2,900. One of Wall Street's most bullish strategists this year, BMO's Brian Belski, cut his 2022 price target on the S&P 500 again on Friday to 4,200.

☆ Billionaire investor Mark Mobius says stocks could stay buoyant amid Fed rate hikes and a possible recession
▼ + stars: | 2022-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

History shows that stocks can still make gains amid the Federal Reserve's rate hikes, Mark Mobius said. The billionaire investor noted that the key is finding companies that have enough pricing power to weather high inflation. "But there's no question that the Fed could go much much higher, and there could be a lot more pain ahead." Of course, the market is now reacting negatively to the possibility of higher rates. But if you look at the history, you'll find that stock markets were able to do quite well even with high interest rates," Mobius said.

☆ Here's how to play the bear market - and when to know it's safe buy again
▼ + stars: | 2022-10-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Investors should brace for a 5% stock market decline if the reading comes in above 8.3%, JPMorgan's trading desk said in a note this week. The stock market could continue to tumble in the face of rising inflation and a recession. Investors should wait to get bullish on the falling stock market as inflation and rate-hike concerns continue to roil the valuation norms of the past two decades, according to Bank of America. Has the stock market found a bottom yet? US stock futures rise early Thursday, ahead of the eagerly awaited US inflation data due later this morning.

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