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by 001sky 4983 days ago
This is a great piece. As a business matter, its a "brilliant" arbitrage. Annuity != Perpetuity. If you can buy low (A) and sell High (P) you will do great. And its a lot easier to build an (A) than a (P) type biz. Lack of visibility (due to tech disruption) and short-attention-span (due to tech disruption) combine to make this a potentially evergreen business opportunity, especially for the unethical.