In my past life I studied finance and was a business major and it’s hilarious watching you all try to understand how shorts work
they’re actually barely comprehensible to me, this is not a dig at you all lovely ppl
There are things that finance people came up with that are so convoluted they had to call them “exotic”
They’re designed to obscure the fact that 99% of the institutional traders engaging with these derivatives are gambling with the price of actual goods and assets and making off with billions. Your uncle who’s a day trader will never be a player
The fact that grandmas are talking about shorts now mean hedge funds and Wall Street has to move on to more and more exotic derivatives, since the public is catching on to what they’re doing. Free market baby
Remember high frequency trading and sub prime mortgages? As soon as all the money was made with those the richest of the traders got away scot free and nobody cared about it anymore (since once word got out no more money could be made)
Anyway this was a fun reminder that finance majors are money hungry selfish pricks and I’m glad I left that trade. Bye foreverđŸ‘‹đŸŒ
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