Ray Dalio’s deft navigation of the financial crisis 12 years ago helped to burnish his image—and bankroll—as a legendary investor. However, the current situation with COVID-19 that has infected thousands of people across more than 100 countries, snuffing out a record-setting bull-market run in U.S. stocks in the process, has befuddled the billionaire investor who co-founded Bridgewater Associates about 45 years ago, he told the Financial Times (paywall), in a recent interview. “We’re disappointed because we should have made money rather than lost money in this move the way we did in 2008,” he told the publication. In ... (full story)