Bob Prince
Co-Chief Investment Officer
Bob Prince is Co-Chief Investment Officer for Bridgewater Associates and is a Director on Bridgewater’s Operating Board of Directors.
As Co-Chief Investment Officer, Bob is responsible for managing the company's investment process. Since joining Bridgewater in 1986, he has been a partner in developing all aspects of Bridgewater’s investment process and products. In the five years prior to joining Bridgewater, Bob was responsible for asset/liability management, investment portfolio management, and the Treasury function for First National Bank of Tulsa, where he worked with Bridgewater in the development of associated strategies. Bob graduated from the University of Tulsa with an MBA and a degree in Finance.
More from Bob Prince
April 14, 2023
Last year’s historically large and rapid tightening is starting to constrict the financial system and slow the economy. This is necessary and will need to be sustained to restore equilibrium conditions.
April 3, 2023
Differences in macro conditions and the corresponding policy responses and market action are as large as they have been in 40 years. Co-CIO Bob Prince highlights the importance and potential of geographic diversification for investors.
February 14, 2023
Odds favor a third stage of this tightening cycle likely to be marked either by an economic downturn or failure to meet the inflation target, prompting more tightening. Either would be bad for most portfolios.
January 17, 2023
Co-CIO Bob Prince joined Bloomberg TV from the World Economic Forum in Davos, Switzerland, to discuss his thoughts on the economy in 2023, why a downturn is needed for inflation to fall back to target, and why we are likely entering a more volatile “boom-bust” style environment than the last decade of relatively stable conditions.
January 6, 2023
The dominant driver of markets last year was the historically large and rapid rise in interest rates. This year, the major story is likely to be the impact of higher rates as the tightening flows through to economic conditions.
November 17, 2022
Bob shares his views with Milken Institute on today’s self-reinforcing inflation, what needs to happen to bring inflation down, and the likelihood of a coming recession. He also touches on the US relationship with China and the potential ramifications for the economy and capital flows going forward.
November 10, 2022
Greg Jensen and Bob Prince describe how they think the tightening cycle is likely to evolve, what it means for the economy and markets, and their areas of agreement and disagreement.
October 11, 2022
Strong growth and a self-reinforcing, high level of inflation spurred the sharpest tightening in 60 years. To date, this tightening has led to weaker asset markets, but has had far less impact on economies. As Co-CIO Bob Prince illustrates, the next stage of the tightening cycle is likely to be an economic slowdown as policymakers work to bring inflation back to target.
August 25, 2022
Equities are discounting higher interest rates but not the tightening’s impact on growth and earnings or the possibility that even more tightening will be needed to bring inflation down.
August 19, 2022
Co-CIO Bob Prince and Evercore ISI Chair Ed Hyman join Bloomberg’s “Wall Street Week” to discuss the big imbalances in the economy and what they mean for investors.
July 25, 2022
The economy is in transition, and the path forward depends on how central bankers play their hand. What we see as likely and what the markets are discounting are very different scenarios, signaling the strongest near-term probability of stagflation (too-high inflation and too-low growth) in 100 years. What are the impacts of stagflation on financial markets? Co-CIO Bob Prince shares Bridgewater’s analysis on what’s transpired and what’s yet to come.
July 15, 2022
In a piece published by the Financial Times, Co-CIO Bob Prince explains how environmental biases shape asset returns and how investors can prepare.
June 30, 2022
Partnering with clients to solve their biggest challenges has always been at the heart of everything we do. In an interview with Top1000Funds, Co-CIO Bob Prince, President and Chief Commercial Officer Kyle Delaney, and Head of Americas Brian Lawlor describe today’s challenging environment, the greater need for partnership, and Bridgewater’s efforts in helping clients achieve their strategic objectives.
May 6, 2022
Co-CIO Bob Prince and Evercore ISI Chair Ed Hyman join Bloomberg’s Wall Street Week to discuss the current economic environment, recent market moves, and the challenges facing investors.
April 19, 2022
MP3 (coordinated monetary and fiscal policy) produced massive injections of money and credit into economies, leading to high nominal growth, leading to self-reinforcing inflation, leading to a tightening of monetary policy which is now just beginning. Stagflation is the big risk and the war in Ukraine has added to that. Co-CIOs Ray Dalio, Bob Prince, and Greg Jensen share their perspective and outlook on economies and markets today.
February 3, 2022
Co-CIO Bob Prince describes how too much delay in monetary policy tightening risks a much bigger response as the central bank catches up with inflation.
August 26, 2021
Co-CIO Bob Prince describes why bond markets have been a poor predictor of changes in Fed policy.
April 1, 2021
In an interview with Bloomberg TV, Co-CIO Bob Prince discussed the current economic environment, his outlook on the policy response and inflation, and the benefits of diversification between East and West.
March 13, 2021
Co-CIO Bob Prince warns that the recent sell-off in US government bonds could accelerate if the Fed bumps into constraints, in a shift that threatens high-flying assets including blank check companies and cryptocurrencies. Bob explains that a new phase of the downturn in the $21tn Treasury market or risks to the dollar could loom as economic growth improves and inflationary pressures push the Federal Reserve into having to choose between keeping bond yields from rising or letting them go.
January 2021
We invite you to explore excerpts from our 2021 Global Outlook, in which we lay out the key dynamics in markets and economies that we think will be particularly important in the coming years. We explore how the COVID-19 crisis has accelerated the transition into a new paradigm of zero interest rates, coordinated monetary and fiscal policy, and heightened internal and external conflict — and what this means for economies, markets, and investors.
January 27, 2021
Co-CIO Bob Prince joins Bloomberg TV to discuss how the depreciation of cash and unattractive rates have created a risk of significant wealth destruction, forcing investors to look elsewhere for returns and causing a massive rebalancing of wealth between the East and West.
In an appearance on Bloomberg TV, Co-CIO Bob Prince asserted that the dynamics of the current prevailing economic forces will persist, and reiterated the importance of geographic diversification as the East and West continue to see divergent outcomes with respect to the impacts and response to COVID-19.
The lack of volatility following the 2020 US election can be attributed to dominant forces shaping today’s markets and economics. Co-CIO Bob Prince joined “Squawk on the Street” to discuss these conditions, why the benefits of the liquidity don't affect all assets equally, and why a shift in politics is unlikely to ease these pressures.
June 24, 2020
As part of the Bloomberg Invest Global virtual summit, Co-CIO Bob Prince spoke with Jonathan Ferro of Bloomberg TV about the impact of the coronavirus pandemic on the economy and global markets, as well as what recovery efforts might look like.
April 23, 2020
Recorded April 23, 2020: In conversation with Senior Portfolio Strategist Jim Haskel, Co-CIO Bob Prince examines the forces COVID-19 unleashed on the economy, the measures that will be required to restart the flywheel between income and spending, and the range of ways the shock is impacting different countries, sectors, and companies.
The story of how Bridgewater Associates created the All Weather investment strategy, the foundation of the ‘Risk Parity' movement.
With 30 years of experience assessing markets with Bridgewater, Bob Prince believes the way to add value is by being an independent thinker. In a Q&A with Business Insider, he explains how candor, transparency, and an idea meritocracy have built a culture where independent thinkers generate excellence.
In an interview with Business Insider, Bridgewater Co-CIO Bob Prince discusses today’s key juncture in the economy and markets, and the conditions that are likely to result in a long period of difficulty, “20 years of ugliness.”
October 28, 2019
The laws of physics give us the concepts of potential energy and kinetic energy. For example, when a ball is held high above the ground, it has a lot of potential energy; when the ball is released and in motion, this turns into kinetic energy; and when the ball is on the ground at rest, it has neither. Economies have analogous dynamics. Explore how developed economies now have limited potential energy left to draw on and how to approach investing in such a world.
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