Ray Dalio: GameStop reflects growing intolerance in the United States

The well-known investor assures that the general anger and the idea of ​​bringing down everyone is spreading through the country

Veteran investor Ray Dalio

The well-known hedge fund investor Ray Dalio has spoken out on the rebellion by retail investors that has fueled declining stocks such as GameStop, AMC o American Airlines, and it has caused heavy losses to well-known bearish funds.

What has happened these days is, according to the founder of Bridgewater Associatesis another sign of the growing intolerance among those with opposing views that is affecting the United States.

“What worries me most is the general anger – and almost hatred – and the idea of ​​bringing down people who is now ubiquitous in almost every aspect of the country,” Dalio said in an interview with the Washington Post. “That general desire to hurt each other” is cause for concern, he said.


Understand the mechanics of markets

While the movement of small investors to bid on the video game store shares may seem like a “rebellion”, it shows that they are beginning to understand the mechanics of the markets, as are those who are pressured by short bets, explained.

However, investors feel a bit familiar with him, Dalio said.

“They remind me a lot of me at that age,” he said. “I started investing at a young age and I was rebellious and wanted to do it my way and tear it down.”

The well-known investor assures that the general anger and the idea of ​​bringing down everyone is spreading through the country


Veteran investor Ray Dalio

The well-known hedge fund investor Ray Dalio has spoken out on the rebellion by retail investors that has fueled declining stocks such as GameStop, AMC o American Airlines, and it has caused heavy losses to well-known bearish funds.

What has happened these days is, according to the founder of Bridgewater Associatesis another sign of the growing intolerance among those with opposing views that is affecting the United States.

“What worries me most is the general anger – and almost hatred – and the idea of ​​bringing down people who is now ubiquitous in almost every aspect of the country,” Dalio said in an interview with the Washington Post. “That general desire to hurt each other” is cause for concern, he said.


Understand the mechanics of markets

While the movement of small investors to bid on the video game store shares may seem like a “rebellion”, it shows that they are beginning to understand the mechanics of the markets, as are those who are pressured by short bets, explained.

However, investors feel a bit familiar with him, Dalio said.

“They remind me a lot of me at that age,” he said. “I started investing at a young age and I was rebellious and wanted to do it my way and tear it down.”