World’s biggest hedge fund manager ‘thrilled’ with Biden’s inauguration speech, but still believes America is ‘on the brink of terrible civil war’



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In early December, Ray Dalio, the billionaire founder of Bridgewater Associates, sounded the alarm bells over the class and power struggles tearing the country apart, saying the United States “ is at a tipping point where it could go from a manageable internal tension to revolution and / or civil war. “

A few weeks and a new president later, and Dalio doesn’t seem to be more optimistic about the nation’s future prospects.

“I believe we are on the brink of a terrible civil war,” Dalio wrote. “We are at an inflection point between entering some type of fighting hell or withdrawing to work together for the peace and prosperity that fills the great gaps in wealth, values ​​and opportunity that we see today. ”

He said, however, that he was “delighted” with what President Joe Biden had to say when he was inaugurated last week. “This is consistent with the direction that history has shown the country needs to move in,” Dalio said on Twitter TWTR,
+ 1.99%
on Sunday.

But will Biden and both sides do their part to narrow the gap?

“The right words and wit are not enough,” Dalio added. “People will have to agree on both how to grow the cake and how to divide it well. It will require revolutionary change.

Here is all his tweetstorm:

Dalio, with a reported net worth of $ 18 billion, is the 46th richest man in the world, according to Forbes.



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