In a recent blog post, Ray Dalio, founder of Bridgewater Associates, expressed concerns over the escalating conflicts in Israel-Gaza and Russia-Ukraine, potentially spiraling into a global war involving major powers such as the US and China. Published on Thursday, Dalio's warning comes amidst rising tensions that could possibly lead to World War III.
Dalio emphasized that wars often exceed anticipations in brutality and lead to regret. He highlighted the transition from "pre-hot-war conflicts" to "uncontained hot wars", suggesting that local wars can spread into world wars. He also noted the costly involvement of the US in proxy wars in Europe and the Middle East.
In his book ‘Principles for Dealing with the Changing World Order', Dalio identified five forces driving global changes. He warned about the testing of non-fighting parties' might and shared his stretch goal for US-China brokered peace in Ukraine. The hedge fund manager also expressed his hope for world leaders to recognize war's destructiveness.
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