To some socialist thinkers, shorting stock - ie, betting on and profiting from a company's future distress - is disgusting and immoral, and somehow creates unemployment. Not in my view.
Activist investors like hedge funds - who are big into shorting under performing businesses - open the way for revolt against management teams that are under performing and for the rationalisation and/or merger or takeover of businesses that have lost their way. Success in transformation...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team