Ray Dalio speaks during the Web Summit 2018 in Lisbon, Portugal on November 7, 2018.
Ray Dalio.
  • China investor Ray Dalio encouraged the US and China to agree on mutual red lines if war breaks out.
  • He said they can agree to not fight on each other's lands, or kill each other's troops, he said.
  • Dalio wrote a LinkedIn memo on Thursday laying out fears that both nations are on the brink of war.

Billionaire Ray Dalio is urging the US and China to agree upon clear rules of engagement if war breaks out between the two nations.