Free Market
Author:
Christopher Mayer
Online Publish Date:
The Free Market 18, no. 9 (September 2000) Dictatorships always immediately ban short selling,” wrote Fred Schwed, Jr., in his fun 1940 book on investing, “since it is axiomatic with them that no professional pessimists are going to be tolerated.” Indeed, the long-vilified bearish practice called short selling involves a sale of borrowed stock