Re:It Feels Like the Game Is Rigged
by shrimpx on Monday February 01, 2021 @12:51AM
(#25985958)
Isn't the book example broken, because only one person can have the book? In shorting, it sounds like you can sell the same share to 2 different people.
[ Parent
| on HN ]
At the end of the day, after the stack of promises has been popped, only one person can have the share as well.
It’s not broken, it’s just simplified because nobody’s selling the book, just lending it out.
> In shorting, it sounds like you can sell the same share to 2 different people.
You have to obtain (buy or borrow) the share twice in order to sell it twice.