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  • Agreed, but there is a view that these things will eventually revert to traditional value metrics.

    Which some of them will, eventually.

    It's just a question of which ones, and when, and whether you will have been forced out of the position long before then.

  • Yeah I guess. That's the premises of the Big Short.

    But a whole section of the market seems like a different play to one company with a cult following.

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