this post was submitted on 23 Feb 2024
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One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That "everything you put into it" is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.
Don't get me wrong, I'm in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.