CTNJ/Opinion:  Ray Dalio wakes to smell the coffee – when algorithms don’t tell the whole story

Sarah Darer Littman

Sarah Darer Littman is an award-winning columnist and novelist of books for teens. A former securities analyst, she’s now an adjunct in the MFA program at WCSU (and as such is an AAUP member), and enjoys helping young people discover the power of finding their voice as an instructor at the Writopia Lab.

Ray Dalio, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, appears to have belatedly woken up and smelled the coffee — expressing concern about President Trump’s propensity to seek conflict rather than cooperation.

This marks a change from a month after the election, when Dalio appeared encouraged by aspects of the Trump presidency:

“This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do, profit makers. It wants to, and probably will, shift the environment from one that makes profit makers villains with limited power to one that makes them heroes with significant power … there’s a good chance that the ‘craziness’ factor will be smaller and play a lesser role in driving outcomes than many had feared. In fact, it is possible that we might have very capable policy makers of the previously mentioned ideological persuasion in control.”

Read the full story on CT News Junkie.

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