Together, 79 billionaires could pay to build an electric system in the U.S. that uses zero fossil fuels, a Michigan Tech professor estimates.
Billionaire Bridgewater Associates hedge fund guru Ray Dalio went to Burning Man, the annual event at Black Rock Desert in Nevada, and shared his experience on Twitter.
People who talk exceptionally quickly do so as "a way of pushing their agenda past other people's examination or objections," the financier and entrepreneur Ray Dalio says.
The hedge fund titan is worried that the current landscape resembles Depression-era conditions that could hammer investors.
Criticism can be a tough thing to stomach. But according to Ray Dalio, founder of the world's largest hedge fund, it's not something to be shied away from. In fact, it should be welcomed.
Billionaire hedge fund manager Ray Dalio is widely considered a rock star of the investing world. But the source of his success has a lot to do with superstars of another sort: The Beatles.
RAY DALIO SAYS SEES 40% CHANCE OF A U.S.
Dow futures jump; bond yields rise; Ray Dalio talks recession chances; Trump urges Xi to meet Hong Kong protesters; GE shares bounce after brutal day
Other observers have dismissed the suggestion that China would sell U.S. Treasurys to gain an upper hand in the trade war.
"Recessions are always inevitable, the only question is: 'When?'" says Ray Dalio, founder of Bridgewater Associates.
Ray Dalio, the billionaire founder of Bridgewater Associates, the largest hedge fund in the world, shares his best advice for how to be a successful investor.
Wall Street cautious; bond yields fall; Ray Dalio talks up China; Disney sinks after earnings miss; Trump goes to mass shooting cities
Bridgewater Associates' flagship fund reportedly posted one of its worst first-half performances in two decades.
"I had learned Transcendental Meditation, so it gave me a certain equanimity to reflect," Dalio says.
Billionaire Mark Cuban says it's the responsibility of business owners need to give their employees ownership in the company they work for to put a dent in the wealth gap.
"If we can't be economic, there's no hope for the U.S. industry," said James Litinsky, owner of the only rare earth minerals mine in the U.S.
Ray Dalio warned that a move by the Chinese to curb the export of rare earth metals would constitute a "major escalation" of the trade war.
This is the "big message I would want to have given myself," Ray Dalio said during a Reddit "ask me anything."
"This country has done an incredible job in terms of the deployment of resources and human ingenuity," says the Berkshire Hathaway chief.
The hedge fund king is throwing his weight behind using zero interest rates to finance big government spending.