Ray Dalio: The Reasons Behind China Investors Are Frightening
Ray Dalio discusses the China Evergrande Group’s debt crisis, doing business in China, the value of Bitcoin and when the Federal Reserve might start to taper its monthly bond purchases
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CREDITS:
Ray Dalio on Evergrande, China, Bitcoin and the Fed
https://www.youtube.com/watch?v=MPNTRJxbq_w
About Ray Dalio:
Raymond Thomas Dalio (born August 8, 1949) is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
Dalio was born in New York City and attended C.W. Post College of Long Island University before receiving an M.B.A. from Harvard Business School in 1973. Two years later, in his apartment, Dalio launched Bridgewater. In 2013, it was listed as the largest hedge fund in the world.] In 2020 Bloomberg ranked him the world's 79th-wealthiest person.
Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times bestseller list, where it was called a "gospel of radical transparency."
So when it comes to investing, market crash, and the economy in general Ray Dalio is one of the experts that went and seen it all, but what we’re seeing right now in the 2020 recession is unlike anything that has happened in his lifetime.
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