Short sellers often rightfully get a bad rep because they have a vested interest in the failure of a company, but a lot of people forget how insanely risky it can be if they are wrong on their guess. If absolutely nothing is going on at the company to justify that, they must be totally crazy.
Also, they rarely tank healthy companies. They're exposing very real problems to people who have rose colored glasses on and don't want to hear the truth.
Same thing I keep saying. If all is well at a company and everything is above board, it shouldn't be much of a concern what a short seller does. Even if they spread rumours, they should be able to be counteracted by putting the correct information in public. Additionally, they'll be able to sue for slander, etc. So for a company to be taken down by a short seller, it means that all isn't well under the surface.
The Plain Bagel and How Money Works have made great videos on Blackrock - recommend checking them out. But no, that's not the subject of the next project :)
@@JamesJani John Titus at RU-vid channel Best Evidence is the best researcher on the Fed, money system, money fraud. He is brilliant and explains complex things in simple terms. Among other things, he explains how BlackRock dictates monetary policy in the U.S. by conference white papers. BlackRock is nefarious.
I knew FTX would fail when it started. It doesn’t take a genius to see a company that fabricates a coin and trades within itself to create a market would fail.
He did it not because he was genuinely suspicious, he just wanted to rock the boat to make money, not to bring FTX crashing. If it crashes he only makes money once. So that wasn't a good plan, so wasn't his intention. This is conjecture.
He predicted the collapse on Twitter two months before it occurred. He was merely asking Bloomberg for a second opinion. I once did the same thing. The unjustifiable $20.00 price spread in a takeover bid that I discovered on a stock disappeared within a few hours after I asked for a professional opinion. Maybe a coincidence, but I made a huge profit.
They don't. Every famous guy have haters who wants to see the downfall of that person. And sometimes the famous person may be involved in fraud so these haters may be right. And these haters will look like geniuses who saw this coming from miles away. Same thing happened with Elon Musk. But the haters got rekt.
