Ray Dalio: “If you're holding cash you're going to feel pretty stupid”

HN guidelines:

> On-Topic: Anything that good hackers would find interesting.

> Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon.

Financial discussions aren't off-limits. It's on HN because someone submitted it and others voted it up.

Public markets certainly affects venture financing climate.