Speaking at CNBC’s inaugural Converge Live summit at Jewel Changi Airport, Dalio adds: “It’s better to buy stock in a bad company at a cheap price than it is to buy stock in a great company at an expensive price.”
Bridgewater Associates founder Ray Dalio says the current hype over “superscalers” is distracting investors, and they run the risk of repeating the dot-com bubble.
“There are new technologies that are remarkable and reshaping the world, and then people get excited about those, and they don’t pay attention to prices,” says the billionaire investor on a panel in Singapore on March 12. “This looks very much like 1998, 1999 to me.”
