(Bloomberg) -- Ray Dalio took to Twitter on Wednesday to clarify his thinking about the market impact of the coronavirus after he said previous remarks on the subject had been mischaracterized.
“I probably should have just stopped answering,” the billionaire founder of Bridgewater Associates said about comments he made at a conference in Abu Dhabi on Tuesday. “I think the most likely outcome is that this virus will be a larger version of SARS that will have a significant temporary effect but won't have a big long term influence.”
Dalio, who stated that he probably didn't know as much about the virus as the experts, said that it's the downward market price moves related to the outbreak that are “probably becoming exaggerated.”
“Sorry for my part of that confusion,” he wrote.
Read More: Ray Dalio Says Market Impact of Coronavirus Is ‘Exaggerated'
To contact the reporter on this story: Linly Lin in San Francisco at llin153@bloomberg.net
To contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, Nathan Crooks
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