by Theron Mohamed at Business Insider
- Ray Dalio said the Israel-Hamas conflict was likely to trigger more clashes in other places.
- The elite investor said the risk of a world war that includes the US and China had risen to 50%.
- The economic historian said these kinds of battles tended to be brutal and often spread.
The Israel-Hamas clash threatens to spark other bloody battles and it’s now a coin toss whether a world war including the US and China breaks out, Ray Dalio has said.
“In my opinion, this war has a high risk of leading to several other conflicts of different types in a number of places, and it is likely to have harmful effects that will extend beyond those in Israel and Gaza,” the veteran investor who’s also a financial historian wrote in a LinkedIn post on Thursday titled “Another Step Toward International War.”
“Primarily for those reasons, it appears to me that the odds of transitioning from the contained conflicts to a more uncontained hot world war that includes the major powers have risen from 35% to about 50% over the last two years,” he said.
Dalio is the billionaire founder of Bridgewater Associates — the world’s largest hedge fund — and the author of “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail.”…
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