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Yes nice article. Interesting point.

One small one I do not agree with is "Are you burning VC cash on unsustainable unit economics?". I think it's safe to conclude by now that unsustainable businesses can be kept alive for years as long as the investors want it.

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Nothing safer than financial scams in the West these days. Never short Herbalife.

Looks like you could have made a lot of money shorting Herbalife over the last 5 years.

I guess that's true for some but not for all. I wouldn't say that's the most common scenario

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