I once asked an acquaintance why short selling is a good thing when its intention is to drive the price of the stocks in my 401k into the sewer. I was told that short selling is a way for traders to make money when stocks are going down. I pondered that for a second or two until the assinity ( is that a word? ) of the concept became clear -- my savings are melting away, but my anger should be assuaged ( another ass word! ) because at least someone made money!!
And the Sysco truck driver is earning an honest living.
On Rich People Things
Bravo!!
I once asked an acquaintance why short selling is a good thing when its intention is to drive the price of the stocks in my 401k into the sewer. I was told that short selling is a way for traders to make money when stocks are going down. I pondered that for a second or two until the assinity ( is that a word? ) of the concept became clear -- my savings are melting away, but my anger should be assuaged ( another ass word! ) because at least someone made money!!
And the Sysco truck driver is earning an honest living.