Another cautionary tale of why one should never own individual stocks

Any authoritarian government can suddenly take over control of a company making the stock nearly worthless. This also famously happened in Russia with Yukos nearly 12 years ago. Investors lost fortunes.

But even in the free-market driven, USA this recently happened with For-profit education companies. Although the decline took many years, the final destruction took the form of a criminal probe, on Corinthian Colleges.