4 ms·
I don’t follow. Short sellers didn’t cause the pandemic did they? They worked to discover an information asymmetry and took a bet on it. The counter party was w
by vishnugupta 6y ago
I don’t follow. Short sellers didn’t cause the pandemic did they? They worked to discover an information asymmetry and took a bet on it. The counter party was willing to accept their bet. As far as I see no one was coerced to do something they weren’t willing to do.
It would have been immoral if they had done something to influence the outcome in their favor. Like lobbying the government against bailing out the landlords/bond-holders/originators. From what I read nothing of that sort happened.
So why bring up morality? Is it a misplaced sense of jealousy? Or a case of sour grapes?