Another cautionary tale of why one should never own individual stocks

http://www.businessinsider.com/r-anbang-takeover-puts-chinas-companies-on-notice-2018-2

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.

https://www.reuters.com/article/us-china-anbang-regulation/china-seizes-control-of-anbang-insurance-as-chairman-prosecuted-idUSKCN1G7076?il=0

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.

https://www.theatlantic.com/education/archive/2015/02/the-downfall-of-for-profit-colleges/385810/