Comment by kelnos
Comment by kelnos 2 days ago
When your track record includes a lot of losses, the scale points more and more toward "clueless" and away from "4D chess".
Comment by kelnos 2 days ago
When your track record includes a lot of losses, the scale points more and more toward "clueless" and away from "4D chess".
The market can stay irrational for longer than you can stay solvent.
That was my point, if someone thinks that Meta is overvalued, they can put their money where their mouth is. The fact that the share price hasn’t cratered is a kind of collective belief in the opposite.
I can't/won't short the stock because shorting usually is for 14 days etc. and I can't be certain in that timeframe about meta or any company
I mean, theoretically you could short a company for a really long time it seems like, I just searched, I always assumed it to usually be of 14 days but still.
Isn’t that the reason options even exist? You need to know you won’t starve and die if your harvest doesn’t come in. I’ll admit that I’m no expert on finance and innovations in financial instruments, but I think short selling has been around in some form or another for centuries.
https://en.wikipedia.org/wiki/Short_(finance)
> The practice of short selling was likely invented in 1609 by Dutch businessman Isaac Le Maire, a sizeable shareholder of the Dutch East India Company (Vereenigde Oostindische Compagnie or VOC in Dutch).
Especially when there are hours of public footage of the decision maker in question not sounding particular astute as a technical or strategic thinker.