its not doomed to fail.
but there is a scale of certainty.
imo this just should be factored to position a free carry accordingly.
(ie, dont just blind hold for the glory side, but cover your butts as you go, as with anything)
A higher risk/reward play, can attract risk takers, thats fine. If that means a rising tide, then you have the capacity to free carry on the potential, but not be exposed to reasonable execution/financing risk.
WHereas even in a Canada play, it would offer a free carry opportunity as well , but from a rising tide of more conservative buyers.
Again GLTA.
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its not doomed to fail. but there is a scale of certainty. imo...
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