Hedge fund billionaire Ray Dalio joined the chorus of well-heeled executives critiquing President Donald Trump’s decision last week to withdraw from the Paris climate agreement.
“I believe that we are connected to our whole ecology, our whole world community, and our whole United States, such that it pays to be in symbiotic relationships with them — so, I’m concerned about his path,” Dalio wrote in a LinkedIn post Monday.
Dalio’s Connecticut-based hedge fund, Bridgewater Associates, is the largest in the world, with $160 billion in assets.
The hedgie added that he is “concerned” about “the consequences of [Trump] pursuing so much conflict.”
“The more I see Donald Trump moving toward conflict rather than cooperation, the more I worry about him harming his presidency and its effects on most of us,” Dalio wrote.
Other criticisms of the Trump’s decision appeared on Twitter last week.
Goldman Sachs CEO Lloyd Blankfein tweeted for the first time ever last Thursday to say the decision was “a setback for the environment and for the US’s leadership position in the world.”
In an emoji-laden follow-up tweet Friday, Blankfein said “leadership helps” adding that “Our language is dominant; $ global; [world] talent comes. Bad if lost. Consider w/ making policy on enviro, trade, defense, etc.”
Meanwhile Disney CEO Robert Iger and Tesla CEO Elon Musk both said on Twitter last week that they were resigning from the President’s advisory councils.