Thought I should update this by saying that I dropped my PGY stake to 13% and raised SOFI to 10%. I still think PGY is absurdly cheap, but I worry that if the market falls again while I’m waiting for it to be discovered, I will be stuck in it for a long time. SOFI seems more solid, even if the upside may not be quite so enormous since the market is clearly catching on to it.
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