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Quote of the Day
"In the end, there is no magic bullet that identifies when an investment process has failed...Statistically speaking, the amount of time it would take to say for sure that a process no longer works is often longer than the period we have to evaluate it. As a result, there will always be a large element of judgement that goes into the decision."(Jack Forehand)
Chart of the Day
How MoviePass lost a lot of investors a lot of money.