Bridgewater Associates Founder Ray Dalio said he doesn't want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation." I don't want to own debt , you know , bonds and those kinds of things ," the billionaire said Thursday at the Milken Institute Asia Summit in Singapore. "Temporarily right now , cash I think is good." When asked how to unwind the world's huge borrowings , he said when debt becomes a big share of the economy, the situation "tends to compound and accelerate" as interest payments also grow. "We're at that turning point of acceleration. "