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Shorting something propped up by insane levels of hype is a recipe for massive losses. As they say, the market can remain irrational longer than you can stay so
by _vertigo 4y ago
Shorting something propped up by insane levels of hype is a recipe for massive losses. As they say, the market can remain irrational longer than you can stay solvent.
Shorting things you disagree with morally is also a terrible idea, unless you also think they are bad business. I disagree with a lot of “money printing” tech on moral grounds, if I shorted those I’d be bankrupt.
- benreesman 4y agoSure, and for most people the right amount of short to be is just not long. My broader point is that HN is pretty selective on which “useless” or “evil” things it will utterly lose its shit over and it seems to be, roughly, things where other hackers make a pile except YC portfolio companies.