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> It boggles my mind that people look at speculators helping make markets in risk hedging as the vultures. If you get rich from someone else's failure, you're
by core-questions 6y ago
> It boggles my mind that people look at speculators helping make markets in risk hedging as the vultures.
If you get rich from someone else's failure, you're a vulture, end of story. I think we ought to ban shorting stocks and a pile of other usurious business practices that have become commonplace. Failure should not be making other people rich.
- scottlocklin 6y agoYou have no idea what you're talking about. The inability to short bad ideas leads to fraudulent horse shit like Theranos or Bernie Madoff. There are entire short-only hedge funds designed to make a profit while leading to more honesty in financial reporting: there needs to be more rather than less of this.