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Lost in the news of the surging US stock market is the concurrent weakness of the US dollar. This week US Treasury Secretary Steven Mnuchin endorsed the dollar decline in Davos, sending it down further.
Ray Dalio, founder, chairman, and chief investment officer of the world's largest hedge fund, Bridgewater Associates, had this to say about the declining dollar:
There are few investors with a better long-term track record than David Swensen, the chief investment officer of Yale's endowment since 1985 (approximately 13.5% annualized). So when Swensen sits down to talk about how he achieved his long-term investment success and about how he views today's investment risks and opportunities, I listen with full attention.
The Wall Street Journal's Jason Zweig writes "The burden of finding someone who will act in your best interest is on you. That means asking an adviser the right questions (and listening for the best answers). I encourage you to clip or print out this column and bring it to your next meeting with your financial adviser."
We answer Zweig's 19 questions.
