Jim Chanos: "Wall Street is a giant positive reinforcement machine. That’s why it exists." "If you are a short seller you are being told constantly that you are wrong. Not everyone has the ability to drown that out.” google.com/amp/s/25iq.com…
Jim Chanos: "The market won’t necessarily immediately see what you see and in fact often doesn’t. Fundamental short sellers are often early. You have to borrow the shares. The ability to effect a short position in reasonable size once everything is clear may not be given to you.”
Warren Buffett:
“It’s ruined a lot of people. You can go broke doing it.” “You’ll see way more stocks that are dramatically overvalued than dramatically undervalued. You might think short selling is easy, but it’s not."
Charlie Munger:
“It’s dangerous to short stocks.”
“It’s ruined a lot of people. You can go broke doing it.” “You’ll see way more stocks that are dramatically overvalued than dramatically undervalued. You might think short selling is easy, but it’s not."
Charlie Munger:
“It’s dangerous to short stocks.”
Chanos: "Over time markets rise more than fall, transaction costs are high, and the risks great. Short selling represents only a very small fraction of market activity." "Doing this as a professional with a portfolio approach makes much more sense.” “Don’t try this at home kids.”
