Photographer: David Paul Morris / Bloomberg
Photographer: David Paul Morris / Bloomberg
The GameStop Corp. saga is another sign of the growing intolerance among people with opposing views that is stirring the US, according to Ray Dalio, the founder of Bridgewater Associates.
“What worries me more is the general anger – and almost hatred – and the vision to bring people down that is now ubiquitous in almost all aspects of the country,” Dalio said in an interview with the Washington Post. “That common desire to hurt each other” worries us, he said.
While day traders’ move to bid on video game retailer’s stock may seem like “ rebellion, ” it shows that they are beginning to understand the workings of the markets – as are those who come under pressure from short bets. said.
Yet the merchants are to feel somewhat familiar to him, said Dalio.
“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 take it down.”