“Shorting is not a great business, its a great hobby.”
— Bill Ackman
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Simplified Meaning:
Getting involved in shorting the market means betting that the price of stocks or other assets will go down. While this can sometimes make money, it is very risky and unpredictable. Just like a hobby that you do for fun, shorting should be done with extra caution and not relied on as your main way to earn a living. For example, imagine someone who likes to gamble on horse races. They might win sometimes, but it's not a safe or consistent way to make money. Instead, this person should treat gambling as a side activity, not as their main job. Similarly, anyone thinking about shorting stocks should consider it more like an exciting experiment rather than a reliable business plan.
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Business strategy Finance Financial advice Hobby Investing Investment strategy Risk management Stock market TradingFEATURED QUOTES
