Last Sane Man on Wall Street

Re:Last Sane Man on Wall Street by bbor on Saturday January 28, 2023 @01:22PM (#34560036)

I hope it’s not too rude for HN to say that you’re missing the whole point of the article.

1. Presumably that discussion took place pre-FTX.

2. I don’t think he said “1000% in a day”, just in general.

3. The article goes into repeated, extensive detail about how short selling is financially dubious and extremely risky.

4. It goes into his childhood because it’s a profile piece.

I mean this with no offense, only because I’ve been there many times: did you feel personally attacked by this guys takes on crypto/stocks/our world at large?

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Re:Last Sane Man on Wall Street by paulpauper on Saturday January 28, 2023 @01:42PM (#34560240)

Good points, agree. Short selling needs to be weighed with risks vs. reward. Unlimited downside is a major risk. Would not recommend it.

[ Parent | on HN ]