I On Fri, Jan 31, 2020 at 6:09 PM Jose Mario Quintana < [email protected]> wrote:
> > Yes, I lost a bit dumping it when it started to take off. > > Oh well, it could have been a lot worse. > > Incidentally, recent news confirm reports from last year that the legendary > investor, Warren Buffett, which was mentioned in the thread, was (among > other investors) conned and "invested" $340M in a shady "green" company, > > A couple pleaded guilty to scamming Warren Buffett as part of a $1 billion > Ponzi scheme > > https://markets.businessinsider.com/news/stocks/couple-admit-scamming-warren-buffett-1-billion-ponzi-scheme-2020-1-1028844728 > > This is not the first giant "green" company that bites the dust (Solyndra > and A123 come to mind); but, to my knowledge, is the only one so far where > the upper management has pleaded guilty of criminal activity. > > Back to shorting securities... This is a tricky business. An ex-colleague > illustrated some of the issues by posing what he called "An Angel problem." > An (infallible) angel makes an apparition and tells you (and only you) > today, for example, that the closing price of Tesla on July 31, 2020, will > be exactly $345.67. What would you do? > > His point was that, even with (partial) exact information in one's > possession, the problem is far from trivial. Then again, in principle > (that is, if one does the homework properly), considering including short > positions in one's portfolio cannot hurt. > > > On Thu, Jan 30, 2020 at 8:03 PM Devon McCormick <[email protected]> > wrote: > > > > Yes, I lost a bit dumping it when it started to take off. > > > > > > On Thu, Jan 30, 2020 at 7:36 PM Donna Y <[email protected]> wrote: > > > > > > > > >> Tesla short sellers lose more than $1.5 billion in one day as stock > > > skyrockets on earnings > > > > > > Donna Y > > > [email protected] > > > > > > > > > > On Jan 30, 2020, at 7:22 PM, Jose Mario Quintana < > > > [email protected]> wrote: > > > > > > > >> Full disclosure: I have a short position on Tesla. > > > > > > > > I trust you dumped your short position in a timely fashion: > > > > > > > > July 25 $222.82; today $640.81 > > > > > > > > :) > > > > > > > > > > > > > > > > On Thu, Jul 25, 2019 at 1:31 PM Devon McCormick <[email protected]> > > > wrote: > > > >> > > > >> Actually, "Ponzi scheme" is inaccurate - it's more of an accounting > > > scam. > > > >> Full disclosure: I have a short position on Tesla. > > > >> > > > >> On Thu, Jul 25, 2019 at 1:23 PM Devon McCormick <[email protected] > > > > > > wrote: > > > >> > > > >>> Funny you should mention Buffet when Berkshire Hathaway has lately > been > > > >>> under-performing the S&P 500: > > > >>> https://www.fool.com/in > > > > vesting/2017/07/23/an-interesting-chart-about-berkshire-hathaway.aspx > > > >>> . > > > >>> > > > >>> Musk is even funnier - he's basically running a Ponzi scheme with > > > Tesla. > > > >>> > > > >>> On Thu, Jul 25, 2019 at 1:20 PM Raul Miller <[email protected] > > > > > > wrote: > > > >>> > > > >>>> On Thu, Jul 25, 2019 at 1:16 PM Devon McCormick < > [email protected] > > > > > >>>> wrote: > > > >>>>> In the Wikipedia article on Bill Miller, it says "[his fund's] > > > >>>> ...after-fee > > > >>>> > > > >>>> You've heard of Warren Buffett, though? > > > >>>> > > > >>>> Or, for that matter Elon Musk? > > > >>>> > > > >>>> Thanks, > > > >>>> > > > >>>> -- > > > >>>> Raul > > > >>>> > ---------------------------------------------------------------------- > > > >>>> For information about J forums see > > > http://www.jsoftware.com/forums.htm > > > >>>> > > > >>> > > > >>> > > > >>> -- > > > >>> > > > >>> Devon McCormick, CFA > > > >>> > > > >>> Quantitative Consultant > > > >>> > > > >>> > > > >> > > > >> -- > > > >> > > > >> Devon McCormick, CFA > > > >> > > > >> Quantitative Consultant > > > >> > ---------------------------------------------------------------------- > > > >> For information about J forums see > http://www.jsoftware.com/forums.htm > > > > > ---------------------------------------------------------------------- > > > > For information about J forums see > http://www.jsoftware.com/forums.htm > > > > > > ---------------------------------------------------------------------- > > > For information about J forums see http://www.jsoftware.com/forums.htm > > > > > > > > > -- > > > > Devon McCormick, CFA > > > > Quantitative Consultant > > ---------------------------------------------------------------------- > > For information about J forums see http://www.jsoftware.com/forums.htm > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm > -- Devon McCormick, CFA Quantitative Consultant ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
