RISK is what it’s about. This is the world changing/shifting quality that Dalio knows something about. This ability to use it to change the world is not about ego or force of will but rather force of imagination, foresight and a fortitude rooted in independent thinking. Carnegie and Dalio are both “self-made” individuals who have forged a life and fortune from understanding and taking deliberately planned risk. Whether it’s 19th century steel mills or a 21st century hedge fund, risk was the lever that made things happen.
Please see the below address for the Dalio interview at length plus a transcript: