." >> rose: an analysis of libya after qaddafi and a conversation with ray dalio when we continue.

." >> rose: an analysis of libya after qaddafi and a conversation with ray dalio when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin dramatic news from libya. moammar qaddafi, the former libyan leader, was killed today in his hometown of sirt. there are also reports qaddafi's son was also killed. qaddafi threat into hiding two months ago after his regime was toppled his death ends an eight month long war waged by web rell foes. ruled libya f more decades. the prime minister said today we've been waiting for moment for a long time. president obama spoke about this today from the white house. >> today the government of libya nounced the death of moammar qaddafi which marks e end of a long and painful chapter for the people of libya who no have the duty opportunity to determine their own destiny in a new and democratic libya. for four decades the qaddafi gime ruled the people with an iron fist. innocent civilians were detained beaten and killed. libya's wealth was squandered. the enormous potential of

. >> rose: ray dalio is here, he is the founder of bridgewater associates. created the investment firm in 1975 out of a two-bedroom apartment in new york city. today the company managed roughly $125 billion in global investments. its clients include foreign governments, sovereign banks, central banks and institutional pension funds. over the last two years, bridgewater ranked as the largest and best-performing hedge fundn the world. in 2010, his returns were greater than the profits of google, amazon and ebay combined. i'm very pleased to have ray dalio at this table for the first time to lk about a perspective on t global economic scene and a whole range of issues having to do with where we see ourselves and also a look at his whole philosophy and his own opinions and the way he looks at th world. having said that, welcome. >> thank you. >> rose: great to have you here. >> great to be here. >> rose: what is bridgeter sociates? it's a global macro firm. we assess what the wor economy is like and what... how asset classes will change and we are managing money