3 ms·
> Ray Dalio and other investors who have been doing big bets on China are fucked. Either their work for Xi and CCP (and talk like them) or they get out. I doub
by baybal2 5y ago
> Ray Dalio and other investors who have been doing big bets on China are fucked. Either their work for Xi and CCP (and talk like them) or they get out.
I doubt a billionaire didn't have somebody worth his credits to tell them how China really works.
It's very obvious that American dotcomers keep spending millions in consulting fees to get close to the Chinese establishment. Zuckerberg apparently spent an 8 digit sum to setup his meeting, and dinner with Xi.
Nobody just setup's a dinner with the head of a communist party like that.
- nabla9 5y agoThis is Ray Dalio we are talking about. He walked into it on his own, he did his own analysis. His hypothesis was that China's path of economic reform would continue. It was not a bad bet until Xi took power.
- baybal2 5y ago> It was not a bad bet until Xi took power. It was always like that, just before not as obvious, and not standing out on the background of US-CN confrontation.