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by logicallee
4647 days ago
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EDIT: Let me rephrase. I think it's silly to call Facebook "old and mature" when it IPO'd 18 months ago. It makes it sound like you would have had a shorting strategy for it some time ago, perhaps 18 months ago - which might have failed miserably - but now would sweep that under the rug, pretending to have never had it. Of course, we can all be clairvoyant if we sweep our losses (FB is up 27% versus IPO opening price) under the rug. Shorting as a strategy works wonders if you ignore when it doesn't. |
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My investment strategy is low cost index funds. I'm not about to start playing in that casino.