Ray Dalio, founder of the investment firm Bridgewater Associates, last week had lunch courtesy of the Financial Times at the Jackson Hole burger bar in midtown Manhattan . In the Great Recession he “propelled his flagship fund, Pure Alpha, to gains of almost 10 per cent in 2008, at a time when most funds suffered searing losses”.
Surprisingly, the billionaire is not bullish on markets today, for political reasons. We know the world economy is in trouble when billionaires worry about unequal distribution of income and wealth.
Dalio thinks inequality is rising so fast that it has created multiple