I think the post is still relevant. Sometimes the market gets scared and prices an asset inefficiently which creates opportunities. But other times the market gets scared for a good reason and it's only later on that buyers realise that have been buying value traps. There is a real risk that their business model has just been blown up. I think the ban on outward selling of funeral insurance blindsighted everone. This wasn't expected
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- game over
game over, page-6
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