Celebrities on the investor roster include Ashton Kutcher, Justin Bieber, Steve Aoki, and Gwyneth Paltrow.
“The biggest question is how much the system will bend before it breaks,” Dalio said.
She called responses by algorithms and traders "Pavlovian" and maintained a five-year outlook.
Rising portfolio values don't mean increased wealth, he warned.
Dalio recommends a diversified portfolio of non-bond, non-cash assets.
Scott Minerd said he said the dollar's market could continue to trend downward as the Fed responds to the Covid crisis.
Dalio writes that printing money is the most expedient way of restructuring debts.
American households have been hit too hard to expect a V-shaped recovery, he said.
He is worried about undeveloped nations where social distancing is difficult.
The Bridgewater Associates founder also said that he will "go quiet" within two years.