Ray Dalio has hit out at political extremes in the U.S. that don’t respect a rules-based system, and warned that Russia is likely to be the “lesser loser” from the Ukraine war as the economic cost to the West causes NATO support to fracture.
The founder of Bridgewater Associates, the world’s largest hedge fund with about $150 billion under management, took to Linkedin on the U.S. Independence Day holiday to deliver an update on the forces he believes are shaping the world.“The remarkable leaders who designed the governance system [after the 1776 declaration of independence] and laid it out in the Constitution created both a principled and practical approach that thus far has lasted for nearly 250 years,” Dalio wrote.
“With increasing conflict between populists of the right and populists of the left, growing numbers of people are inclined to fight for what they want and what they believe is right rather that work themselves through the rules-based system of consensus and compromise that our Founding Fathers designed.”
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