▲ 660 ▼ AI must be stopped... (lemmy.world) submitted 1 year ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works 111 comments fedilink hide all child comments
[–] stebo02@sopuli.xyz 0 points 1 year ago (3 children) so just regular investing? permalink fedilink source parent hideshow 3 child comments replies: [–] Blackmist@feddit.uk 2 points 1 year ago (2 children) No. With regular investing, you buy an asset (e.g. a share for $10) and sell it later. The most you can lose is that $10. With shorting you borrow a share for $10, and sell it. Then you buy it back later and give the share back. The idea being that you buy it back for $8 and you've made $2 profit. But what if the price suddenly rockets up to $100? Now you've lost $90. More than your initial stake. permalink fedilink source parent hideshow 2 child comments replies: [–] moseschrute@lemmy.world 3 points 1 year ago (1 child) You’re confusing me. I’m just gonna ask ChatGPT. permalink fedilink source parent hideshow 1 child comment replies: [–] Blackmist@feddit.uk 1 point 1 year ago As a large language model, I can say you definitely will not regret shorting stock during another monumental hissy fit by the president of the United States. permalink fedilink source parent
[–] Blackmist@feddit.uk 2 points 1 year ago (2 children) No. With regular investing, you buy an asset (e.g. a share for $10) and sell it later. The most you can lose is that $10. With shorting you borrow a share for $10, and sell it. Then you buy it back later and give the share back. The idea being that you buy it back for $8 and you've made $2 profit. But what if the price suddenly rockets up to $100? Now you've lost $90. More than your initial stake. permalink fedilink source parent hideshow 2 child comments replies: [–] moseschrute@lemmy.world 3 points 1 year ago (1 child) You’re confusing me. I’m just gonna ask ChatGPT. permalink fedilink source parent hideshow 1 child comment replies: [–] Blackmist@feddit.uk 1 point 1 year ago As a large language model, I can say you definitely will not regret shorting stock during another monumental hissy fit by the president of the United States. permalink fedilink source parent
[–] moseschrute@lemmy.world 3 points 1 year ago (1 child) You’re confusing me. I’m just gonna ask ChatGPT. permalink fedilink source parent hideshow 1 child comment replies: [–] Blackmist@feddit.uk 1 point 1 year ago As a large language model, I can say you definitely will not regret shorting stock during another monumental hissy fit by the president of the United States. permalink fedilink source parent
[–] Blackmist@feddit.uk 1 point 1 year ago As a large language model, I can say you definitely will not regret shorting stock during another monumental hissy fit by the president of the United States. permalink fedilink source parent