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Yeah, it should. He should have known to short-sell pretty much everything if he really predicted it. I remind everybody that it takes no money to short sell.
by photosinensis 11y ago
Yeah, it should. He should have known to short-sell pretty much everything if he really predicted it. I remind everybody that it takes no money to short sell. If you really think everything is gonna tank, do it. Put your skin in the game.
- AnimalMuppet 11y agoNote well, however: This is almost always terrible financial advice. Don't do it unless you're prepared to be bankrupt if you're wrong.
- photosinensis 11y agoYep. Short selling is usually very bad financial advice, outside of some very specific situations where you have solid reasons to believe that prices will fall. But if you're going to say financial catastrophe is right around the corner, put some skin in the game. Be prepared to go bankrupt if you're wrong. It's easy to say "I saw it coming!" after it's happened. But if you saw it coming, why didn't you do something to take advantage of the situation (given that doing something about it is pretty much impossible)?