[eudamoniac]

This quote refers to shorting; it's not applicable to every bear position anyone ever attempts to take. You won't go insolvent buying puts.

[echoangle]

You won’t go insolvent but you’ll consistently lose money every time the stock doesn’t go down.

[eudamoniac]

Yep, and if you buy stocks you'll consistently lose money when the stock doesn't go up.

[echoangle]

Only in opportunity cost, if you buy puts you actually lose dollars.