Ray Dalio Says There's a 'Human Tragedy' Going on in America
Ray Dalio, Founder, Chairman and Co-Chief Investment Officer, Bridgewater Associates, during The Global Opportunities panel at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Tuesday, September 13, 2016 at the Pierre Hotel in New York -- (Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images)
Ray Dalio Says There's a 'Human Tragedy' Going on in America
Ray Dalio, Founder of the hedge fund Bridgewater Associates. (Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images)

 

Earlier this week, JPMorgan CEO Jamie Dimon listed six issues that are holding back the American economy, including money spent on foreign conflicts, a ballooning student loan crisis, healthcare costs, and felony conviction rates. Per Business Insider, he said that it was “clear something is wrong [with the U.S.].”

Now, in a new interview with Business Insider, Ray Dalio, who founded Bridgewater Associates, the largest hedge fund in the world, says he agrees with Dimon. (Per Forbes, Dalio made $1.4 billion last year.)

Narrowing in his focus on education and students’ disengagement and disconnection, Dalio referred to the situation as a “human tragedy,” which could eventually become a “social” one. “When you look at some of the educational things that can be done that make such a world of difference to people, it’s a terrible waste of resources and inefficiency,” Dalio told Business Insider. “We have a problem with our human infrastructure.”

Read a full transcript of Dalio’s interview here.

 

—RealClearLife