Love to play with terrible ideas as thought experiments b/c people always write novels back to me about why I'm wrong. This is a superpower because it shows me the consensus view immediately and with minimal effort. Copywriting is magic.
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Case in point: outperforming from holding a fraud that paid high dividends before its BK. Source: The Match King (excellent book BTW)pic.twitter.com/M0bzI0a4OJ
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No worries, anyone who's ever lost money to fraud and/or have dealt in practice with the tensions between different stakeholders in a co has probably stretched themselves over these questions.
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It is fun to stretch but I also think the consensus view is wrong on this. See Swedish Match, for example, and Ivar Kreuger's "ponzi scheme." Many investors did well.
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