4 ms·
If you make money on a trade, someone else is losing money. That's nothing new. Where he went wrong is going into the healthcare space with that attitude. Shkr
by brianpgordon 9y ago
If you make money on a trade, someone else is losing money. That's nothing new.
Where he went wrong is going into the healthcare space with that attitude. Shkreli thought that he didn't care about the bad PR it would bring him, but the microscope on him ended up uncovering illegal behavior.
- Clubber 9y agoI believe that's only true in flat or declining markets. Growth raises all boats, figuratively speaking.
- brianpgordon 9y agoAny time you buy, there's a counterparty selling, and vice versa. If they had not bought or sold on their end, they would have made the money rather than you. That's all I was trying to say. Obviously this is simplistic and there are many reasons why someone might rationally be fine with being on the losing end- they might have something else better or less-risky to do with their capital, for example, or they might be a market maker that is not interested in holding anything long-term, etc.