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BuzzFeed’s I.P.O., Dalio’s “Moral Lapse,” and the Humbling of Marcelo Claure

Jonah Peretti and Adam Rothstein
Photo by Craig Barritt/Getty Images for Buzzfeed
William D. Cohan
December 5, 2021

Each week, I receive feedback from readers and sources about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.


Bridgewater founder Ray Dalio got himself in trouble this week when he equated Washington and Beijing while excusing China’s human rights abuses (including the recent disappearance of star tennis player Peng Shuai). Mitt Romney called it a “sad moral lapse,” but wasn’t Dalio just saying publicly what most investors on Wall Street believe privately?