I think there are some dangerous assumptions which hold the sectors asx players together by a thread... and that is: that any of our BNPL can compete with the international and local juggernauts entering the space like PayPal, CBA, Amazon etc.
we'll just end up like boutique banks or lenders in similar saturated sectors like BOQ or Virgin money etc, stunted out by the pull of the big players.
need to see some meat and arguments against this, otherwise I'm starting to regret entering the sector in general, nothing against FXL, it's still the best of the ASX bunch based on value.
but I'm worried "sector wide" now.
Short Positions discussions, page-29
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