Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City.
U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist.
"I would like to have diversification, because what I don't know is going to be much greater than what I do know," said Dalio, founder of one of the world's largest hedge funds, Bridgewater Associates.
"Pay attention to the implications of the great disruptions that are going to take place because the world will be radically different in five years.
And it's going to become radically different year by year," he explained.
Persons:
Ray Dalio
Organizations:
Forbes, Bridgewater Associates, Milken Institute Asia Summit
Locations:
New York City . U.S, Singapore