I remember reading Joel Greenblatt taught a class at Columbia Business School and he had a guest speaker. He presented as an example of a value idea a certain company. And so the interesting thing is subsequently to his 06 or something like that pitch, over the next two years, the company went bankrupt in the great financial crisis. The guy held on all the way into bankruptcy. He made a mistake. By the way, sometimes people say, well, this is temporary impairment. When you're beholding goals bankrupt, that's a mistake.

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