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This Article is From Mar 09, 2020

Dalio, Blankfein See Opportunity and Potential for Recovery

(Bloomberg) -- Ray Dalio and Lloyd Blankfein tweeted words of encouragement amid the market slide, with the Bridgewater Associates founder saying “look for the opportunities” and the former Goldman Sachs CEO stressing the U.S. economy's strength.

While the first priority is guarding against “the risk of ruin,” Dalio said, people tend to ignore opportunities in turbulent times.

Blankfein said “fear” may drive further losses in markets “but expect quick recovery when health threat recedes.”

To contact the reporter on this story: Jim Silver in New York at jsilver@bloomberg.net

To contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, Linly Lin

©2020 Bloomberg L.P.

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