Dalio says GameStop drama reflects growing intolerance in US

Photographer: David Paul Morris / Bloomberg

The The GameStop Corp. saga is another sign of growing intolerance among those with opposing views that plague the United States, according to Bridgewater Associates founder Ray Dalio.

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

While the decision of day traders to increase the shares of the video game retailer may sound like a ‘rebellion’, it shows that they are beginning to understand the mechanics of the markets – just like those pressed for short bets, he told me.

Yet traders feel a little familiar to him, Dalio said.

“They remind me a lot of myself at this age,” he says. “I started investing from a young age and I was a rebel and wanted to do it my way and take it down.”