Friday, March 20, 2009

Putting your money where your mouth is

Kottke says:

This is the peculiar thing about financial markets: if you know something bad is going to happen (you know, like the global collapse of the financial markets), you can either sound the alarm and save a lot of people a lot of grief or you can make a billion dollars.

I would think that betting billions of dollars on the markets collapsing actually is the most convincing way to "sound the alarm" about the markets collapsing.

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