Categories: Smart Money Masters HotlinesStock Market News

On Ray Dalio’s ‘Principles’

The U.S. stock market closed a mixed week.

The S&P 500 closed the week flat. The Nasdaq fell 0.29%, while the Dow Jones eked out a 0.98% gain. Global markets continued their strong run as the MSCI Emerging Markets Index rose 0.90%.

Mohnish Pabrai’s Fiat Chrysler Automobiles N.V. (FCAU) jumped yet another 4.34%. This position is up a remarkable 46.99% since my Aug. 11 recommendation.

Berkshire Hathaway (BRK-B) hit a new record high after rising 2.83%. JPMorgan has put a $210 target price on the stock. Bill Ackman’s bet on Restaurant Brands International (QSR) also rose 2.40%. Carl Icahn’s PayPal Holdings (PYPL) gained 2.03%.

Seven of your positions — PayPal Holdings (PYPL), Restaurant Brands International (QSR), Liberty Broadband Corporation (LBRDK), Fiat Chrysler (FCAU), Baxter International (BAX), Berkshire Hathaway (BRK-B) and the Vanguard FTSE Emerging Markets ETF (VWO) — boast double-digit-percentage gains. PayPal is now up over 56%.

Portfolio Update

Kraft Heinz (KHC), The Priceline Group (PCLN), Liberty Broadband Corporation (LBRDK), BlackBerry (BBRY) and The St. Joe Company (Joe) are all trading below their 50-day moving averages and are currently HOLDs.

I recently listened to a podcast interview with Bridgewater’s Ray Dalio, who invested in the Vanguard FTSE Emerging Markets ETF (VWO).

The interview is part of Dalio’s virtual tour for the publication of his new book: Principles: Life and Work. You can listen to the interview by clicking here

In the interview, Dalio cements his reputation as a bit of an oddball. Dalio embraces a principle of “radical honesty,” which he implements at Bridgewater.

As a random fact, I have since found out that former FBI Director James Comey worked at Bridgewater. He lasted three years.

Sincerely,

Nicholas A. Vardy

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.