Billionaire investor Dalio: The world will be radically different in five years

Famous US billionaire investor Ray Dalio suggested that investors should invest in companies that adopt new technology rather than companies that create technology such as artificial intelligence, as the world will be radically different in five years. US billionaire Ray Dalio said that new investors should have a diversified portfolio as economic and geopolitical negativities continue. Dalio, founder of Bridgewater Associates, one of the world's largest hedge funds, said, "I want to have diversification, because what I don't know is going to be much bigger than what I do know." “Diversification can reduce your risk without reducing it dramatically, if you know how to do it well. Pay attention to the consequences of major disruptions because the world is going to be radically different in five years. And it’s going to be radically different year to year,” he explained at the Milken Institute Asia Summit in Singapore last week. The evolution of artificial intelligence has also caught the hedge fund manager’s attention, but Dalio said he recommends investors put money into companies that are adopting this new technology rather than companies that are creating it. “It’s like we’re going through a time warp. We’re going to be in a different world. And the disruptors are going to be disrupted. I don’t need to pick the ones who are creating new technologies. I really need to pick the ones who are using new technologies in the best possible way,” Dalio said.