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Re: Sir Keir Starmer elected as new Labour leader
I’m not one to defend Rees-Mogg ordinarily but when I commented on this the other day, potentially in the other thread, I noted that it wasn’t particularly insightful thought anyway.
If they’re insider trading (illegal) or exploiting the situation by short selling (not illegal) then you’re into something else. But the observation that a huge economic collapse could yield significant long term returns isn’t really notable. If you picked up almost any stock in 2008 and the company still exists you’d have been well up before the latest downturn.
The underlying business models will still be there in 2024/5 and beyond for many companies. People willing to play the long term game are presented by opportunity by short teem investors essentially exiting the market.
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