Zero, by Way of a Hundred
Risk of Ruin
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Short Selling - The Valiant Experiment
The story of valiant illustrates the promise and pitfalls involved in shorting stocks. The idea is to pak ahole o the land, you tell people that it's got gold,. You're really mining for money on the floor of the stock exchange. In perth, in west australia, there is a large industry doing fike gold stocks. There's a stock out there that might be trading for 300 million dollars, and it's worth nothing. How do you exploit this exploitable edge without risk of ruin? We'll see how valiant fits the broader type.
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