Hello JDVictoria.
You said:
"Please don't quote of bring up Warrent Buffet to somehow legitimise your view."
Please note - I didn't say that Buffett would short anything.
I brought up something he said which suggests he believes short selling may in fact serve a useful social purpose.
Here's exactly what he said:
2006 - Q&A at Berkshire Hathaway Annual Meeting.
An excerpt:
"Question: What do you think about naked short selling?
"WB: As you know, we have a friend who's been outspoken on naked shorting. I don't have a great problem with it. If anyone wants to do that with Berkshire, more power to 'em. ...
"Companies with a large short interest very often have been revealed as frauds or semi-frauds ..."
So - if he says it - I'll use it to back up an argument.
As a person with very clear and strong views about most things on the stock market and a great track record both financially and ethically - he is worth listening to.
Cheers
Red
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