It is important to keep a firm eye on the total landscape in the coming few years rather than short term blips. Other than the insurers, who else has the skill and money to compete with Malone in rapid industry consolidation? The mom and pop shops have no successors, because their kids have gone on to become lawyers/doctors/IT/mining engineers. In a $3billion per annum industry, we are not even pass the first bend yet in a 10 km race.
Chances are some people are going to miss a ten-bagger for the sake of trading a few pips.
Ann: AMA delivers strong growth, page-8
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