Business
Love always wins over shorting
Amid the chaos the GameStop Corp (NYSE: GME) saga has brought upon the investing world, some people have asked: Does shorting even work?
After all, don’t share markets head up in more years than they head down? In the medium to long term, doesn’t the market drift upwards?
Shorting might be a way to make a quick buck off a declining business – but it’s mostly a losing strategy against other companies, said Frazis Capital Partners portfolio manager Michael Frazis.
“We’ve noted before that when bearish investment professionals heavily short a widely loved company, the love tends to win out,” he wrote in a memo to investors Monday.
“This has happened time and again across our portfolio with Tesla Inc (NASDAQ: TSLA),…
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