“COVID-19 is the beginning of the new future”

Billionaire and hedge fund manager Ray Dalio described the coronavirus as an exciting turning point in our history – one that may pave the way to great social progress.

During an interview, the founder of Bridgewater Associates noted the high number of deaths, and the number of sick people in the world is over 2.5 million – this will have significant economic consequences.

However, he remained optimistic and said financial damage should be considered in a broader historical context.

Comparing the pandemic to other periods of economic hardship, such as the Great Depression, says Dalio – the current situation – however painful, will be “significantly shorter” and allow for wider global restructuring.

That restructuring could take between 3 and 5 years, he said.

“People’s ability to adapt and invent is extraordinary!”

“I know it’s a long time, but it’s not forever,” Dalio said.

According to him, people should be very excited about the phase that will come, pointing to the big leaps we are making towards digitalization and human thinking.

“We must be very excited about the new future,” he continued.

“We are in an incredible revolution right now in terms of our ability to adapt and think. I would say this is the most valuable thing about the future. “

“I would say that understanding our thinking skills or using digital mechanisms will be the most valuable skill.”

“A person’s ability to do this, interact in a digital way, and help through this type of thinking – I think that will be important.”