All I know is when I was a young stock broker, he broke the Bank of England shorting the pound back in 1992. That is all I know though.
All I know is when I was a young stock broker, he broke the Bank of England shorting the pound back in 1992. That is all I know though.
I don't think he would have been the only person to short the pound, maybe the the most significant holder, and maybe he was first, but so many people follow his lead on everything he does. When we think SBD is going down relative to Steem, don't we do the same and get out of SBD?
And as far as I can see, since shorting is not done arbitrarily, there is nothing immoral about acting accordingly, after being the first to notice that a market, bank, company or country's books or values are inflated and realizing that a correction is inevitable. I might even suggest that it's the over valuing that is immoral.
In other words, isn't he just the lead of a corrective force for a perception and mistruth that he did not create?
Of course if there is evidence that he caused a panic by publicly lying about some fundamentals somewhere, or something similar, then I can consider it.
Oh no, you are correct. I am not making a judgment of him, just merely stating that is all I know about him. That is just what he is best know for. There is nothing immoral about shorting, its just the opposite of buying.
Ah, gotcha. Yeah, we can only go on actual evidence, which is so hard to come by it seems.