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Posted By TheNewsCommenter: From Businessinsider.com: “Here's why it's time to bet against a key sector of the market ahead of the coming recession”. Below is an excerpt from the article.
Good morning. I'm senior reporter Phil Rosen, writing to you from a fast-warming winter in Southern California.
I see betting on something to win as an optimists' ideal path to wealth. The investor makes money, the company makes money, and the asset becomes more valuable.
But plenty of investors have made a career betting on something to lose. (Think about the hedge funds that sparked the epic meme-stock battle of 2020).
Sure, there's profits to collect if you can correctly guess when a thing is about to crash in value, but there's a bleaker undertone to winning that call. There's no win-win-win here.
I always think back to the scene from "The Big Short" when Brad Pitt tells the two young traders to stop dancing after making a massive bet against the US economy.
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Ljulyeth
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theluckyman
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tellmetimes
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ArtVandelay2021
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colinofski
Here's why it's time to bet against a key sector of the market ahead of the coming recession https://t.co/kO2CTROOQ4 #interesting