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From what I understood from his comment, he was worried about how shorting would cause the collapse of the agricultural sector, so agreeing with you that it's a
by gher-shyu3i 6y ago
From what I understood from his comment, he was worried about how shorting would cause the collapse of the agricultural sector, so agreeing with you that it's a bad and dangerous practice.
- kasey_junk 6y agoNo the opposite. I believe that modern agriculture would collapse without short positions. I concede this is largely an act of faith on my part.
- gher-shyu3i 6y agoHow so? Shorters push stock down, so how does it benefit the agriculture industry?
- kasey_junk 6y agoI answered in a sibling comment but don’t know the HN software enough to link.
- selimthegrim 6y agohttps://news.ycombinator.com/item?id=26009042 https://news.ycombinator.com/item?id=26009042
- selimthegrim 6y agoYou want insurance in case your crop fails, who do you think is taking the other side of that bet for you?
- gher-shyu3i 6y agoTwo very different things. Insurance is to protect the consumer (if applied correctly), whereas shorters want and benefit off of the misery of others.