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Aug. 10, 2019, 9:15 a.m. EDT

Hedge-fund billionaire: Don’t miss out on this historic investment opportunity

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By Shawn Langlois, MarketWatch


Bloomberg
Ray Dalio, billionaire and founder of Bridgewater Associates

‘Would you have not wanted to invest with the Dutch in the Dutch empire? Would you have not wanted to invest in the industrial revolution and the British empire? Would you not want to invest in the United States and the United States empire? I think it’s comparable.’

That’s how Bridgewater billionaire Ray Dalio, in a YouTube interview this week, describes the current opportunity in China, where equities have surge four-fold and bonds seven-fold over the past decade.

He said NOT investing in China is “very risky” and it’s better to be early than late. His bullish stance follows closely on the heels of Monday’s session — the worst day of the year for the Dow /zigman2/quotes/210598065/realtime DJIA +1.34% — where investors unloaded stocks as the trade war between the U.S. and China intensified.

Dalio, however, is confident that both sides could emerge winners. “I don’t think we’re going to go to classic war,” he said. “I do think there is going to be a restructuring of the world order in terms of changes in supply chains, changes in who is making what technologies, important changes in some of those things.”

Dalio, who oversees about $160 billion in assets at Bridgewater Associates, said it would be wise to have bets “on both horses in the race,” though he did warn that, if things ultimately go sideways, it could all blow up.

“If there’s no big war, I’m bullish on China,” he wrote in a LinkedIn post . “And if there’s a big war, I’m bearish on both the U.S. and China.”

Watch the full video:

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
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Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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