In-depth profile of Ray Dalio by Bloomberg Magazine.
Jobless, Dalio started Bridgewater in 1975 out of the second bedroom of his Manhattan apartment. Ever since he’s had a nose for steering his business toward ever more lucrative work. At first he advised companies on risk management. Then he managed bond and currency portfolios for them.
With the upcoming release of his Principles book, Dalio is seeking to cement his legacy.
“The last act in the biography of the hero is that of the death or departure,” Campbell wrote in The Hero With a Thousand Faces. For his part, Bridgewater’s founder is looking toward the end of his journey. “Life exists in three phases for me,” Dalio says. “There’s the first phase in which you’re learning and dependent on others; there’s the second phase in which you’re working, and others are dependent on you; and then there’s this third phase where no one is dependent on you, and you’re free.”
Full article here: Dalio’s Quest to Outlive Himself