As for The Wall Street Journal’s claim that I’m refusing to let go of control of Bridgewater, I can assure you that that is not true and that if it was true, I’d tell you it was true. The one thing that I’m not accused of is not being straightforward. I can unequivocally assure you that one of the great joys of my life has been to have built Bridgewater from scratch by gathering an incredible group of people who can fight with each other about what is best for the company while still loving each other—and then to be able to transition Bridgewater to these people so that it will be successful without me. It is an indisputable fact that I have successfully transitioned the running of Bridgewater to the CEOs and have transitioned most of my economic ownership to my partners at Bridgewater. While I am currently a chairman and a chief investment officer, even in these capacities I am not in a position to make any unilateral decisions.
In other words, I and others who work at Bridgewater are subject to check-and-balance controls on decision making that are of the sort which I described in the Work Principles section of my book Principles: Life and Work. I am sincere in saying that at this stage in my life my number one goal is to help others be successful without me.
