The billionaire investor who built the world’s largest hedge fund paints a dire scenario in his new book.
“No empire lasts forever,” says Ray Dalio. Humble words for a man who’s built the world’s largest hedge fund, with assets in excess of $150 billion. But the billionaire founder of Bridgewater Associates, 72, isn’t talking about the empire he created and stepped down from managing as CEO in 2017. (Dalio remains Co-Chairman and Co-CIO.) Instead, the empire that worries Dalio is the one in which he resides: the United States.