Moguls prepare for the media melée

Letter from Sydney

There are a few metaphors to describe the players waiting for the Australian media laws to change. They might be called vultures, picking off the weak, or as racehorses set to bolt. Or they could be depicted as boa constrictors, desperate to crush their prey and then swallow it whole.

However you describe the scenario, the facts at least are beyond dispute.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire