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"Markets can stay irrational longer than you can stay solvent" - Keynes. Why does only taking short position qualify one to speak on this issue. You could be ri
by npalli 4y ago
"Markets can stay irrational longer than you can stay solvent" - Keynes. Why does only taking short position qualify one to speak on this issue. You could be right but get wiped out in the short term when the mania drives these shitcoins to 10-20 times their fair value.
- vba616 4y agoI was told a very long time ago to never sell something short because you have the risk of unlimited loss. But another drawback, from what I read, is that selling something short is taking out a loan, and if something is obviously a very lucrative short, then the interest will usually cancel it out. Free lunches exist, but if it seems really obvious, don't get your hopes up.