Links - 10/25/2022
“We don’t short really much at all. It’s tempting for people to think that shorting is always a risk-reduction activity—that it is the mirror image of going long, and it just isn’t. If you go long, all you can lose is the money you’ve put up. If you go short, you can lose an infinite amount, and so we really are loathe to short. But even given that we’r…
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