let's rephrase the PE zombies criticism that it doesn't make profit: "Hedge fund that buys $30+m of data each year couldn't crunch the numbers to notice no paper profit yet despite having, as in the big short, 100+ Chinese maths Champions with that budget.... pity they aren't smart enough to read basic financials.... they must have got from 50m to $17b by accident or by following UBS broker reports"
Afterpay Valuation, page-44
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