Bridgewater's Ray Dalio, founder of the world's largest hedge fund, joins Henry Blodget, CEO and editor-in-chief of Business Insider, to discuss what's next for him. Following is a transcript of the video.
HENRY BLODGET: Having had the success you’ve had, coming to a later stage in your life, what do you, as you look back and your next 10 years, what do you want your legacy to be?
RAY DALIO: We go through our stages, right? So I would say, there are three stages in life, the way I look at it. There’s the first stage in life where you’re learning and you’re dependent on others. You’re a student and so on.
When you come out of [being] a student and then you’re working and increasingly, others are dependent on you, you have kids. That’s the second stage.
In your third stage of life, as your next generation goes on to their second [stage], your responsibility and I feel it very naturally, is to help others succeed without you. That is at the stage where I’m at.
The greatest joy that I have is no longer for me to go out there and be successful again and to do this. I enjoy playing the games. It’s great. But the greatest joy that I have is in helping others be successful without me. So that’s my role, that’s my current role. And I think that’s very natural. And that’s why I want to sort of pass along the things that are helpful.