Short selling is the best insurance
Last year Charlie Munger took much pleasure at castigating Doug Kass as the selected short seller of Berkshire stock. The utter disdain Munger and probably Buffett had for short sellers was best…
“Making money in the market is really about investors with confidence taking it from those that lack it. Knowing that insiders are buying and not selling gives me that added confidence”, Harvey Sax, Top 10 long short equity fund manager according to BarclayHedge
