Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, warns that if investors holding bonds choose to sell, it would put central banks in the difficult position of acting like a currency defense.
Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List. Dalio has been labeled the Steve Jobs of investing. Ray's latest books are Principles: Life and Work and Principles: Big Debt Crises.