This is presented as Bob Dylan seeing Woody Guthrie as a sort of hero for emulation, and the effect that had on his growth. That's basically true, or anyway that's basically how Bob himself presents the situation.
The oddity is that Bob Dylan himself has always resisted/refused to be anyone's hero. While he has been called the voice of a generation, he always resisted that label--indeed, any label. ("Don’t follow leaders" he says in Subterranean Homesick Blues.) I have appreciated him (and similarly Neil Young) for his independence and willingness to try new directions. I have not been the sort to seek a hero to emulate for the most part, though Bud Ogle has in a way inspired me at certain points along the way. But it is ironic that Bob has refused in a sense to pay forward for what he got and has admitted was important to him. Ironic, but...isn't there a moral flaw there?