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Redalio, founder of the world's largest hedge fund, Qiaoshui Fund, once again responded to the previous liquidation rumor on Friday night, saying that the investigation into the originator of the rumor is ongoing, and there are already good clues, and further investigation is now being carried out. Dalio said that people who intentionally spread rumors, like those who intentionally spread the virus, should be identified and punished.
The following is itsWeiboFull text:
As you know, a completely false rumor has recently been circulating that Qiao Shui is in trouble, as well as many other completely false information. I want to investigate how this fake news came about, not only because of how it affects us, but also because this kind of fear-creating rumor poses a threat to all of us. This is a great case to show that this fake news is spreading even faster than the coronavirus itself. I believe this shows that these fear-creating rumors themselves are as harmful to society as the coronavirus, because spreading misinformation in times of crisis only worsens the crisis and allows people to make bad decisions when they need to make smart decisions the most. For these reasons, I think those who deliberately spread such harmful rumors should be treated like those who intentionally spread the virus - they should be identified and punished.
This is what we know so far: The origin of this false rumor is the WeChat conversation in the picture below, which contains some completely false information about Bridge Water.
This WeChat conversation transcript appeared on March 18 at around 10 a.m. Beijing time, and began broadcasting on social media in China around noon. At the same time, an English email referring to “Bridge Water Facing Huge Redemption from Saudi Arabia” began circulating. In the afternoon, another rumor post (now deleted) spread quickly and attracted more attention.
In the afternoon, discussions about whether Qiaoshui was in trouble continued to heat up on Weibo. My Weibo account also received hundreds of comments and comments, hoping for clarification. Many people left comments asking those who posted not to create or spread rumors, yet others continued to retweet and spread them. Most media reports were reserved; they only reported Qiaoshui's known investment losses, but these false rumors were reported by a few media and continued to ferment on other social media, and were read by more than 5 million people on the same day.
On the night of Beijing time, I posted a statement on Weibo that the bridge is still running well, and shared a letter we sent to customers discussing our investment performance (currently about 2.98 million hits). Most media channels have reprinted the statement, but there are also a few that continue to spread misinformation.
Once created, such rumors spread as fast as a fire. You can observe who chose to continue spreading these rumors on social media. Although such rumors are untrue, there are still large groups of people who tend to believe that there is always something true in such rumors. Investigations into who started the rumor are ongoing. We think we have some good leads, and further checks are now being carried out.
This is just one example of many false and fear-inducing rumors. When you obtain information, I encourage you to check whether the source of the information is reliable, and try to counter unfounded and unverifiable rumors rather than promote them.
In any case, I promise you, I'll be honest. I hope the information I conveyed will help you. You can make your own trade-offs when it comes to my sharing. Over time, you'll evaluate me by my actual actions.
