In the midst of the rest of the financial meltdown, one of the most incredible stories in the financial world has largely been forgotten.
Now, laid out clearly is the story of how Porsche hacked the financial system and made a killing on Volkswagen. Wow, what a tale, and what a sad ending.
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Shorting and options are definitely tools in the investment toolkit. But shorting and put options are basically bad karma. You're betting on failure.
It's like buying insurance at the blackjack table or betting "Don't Pass" at the craps table. You're trying to make money by betting with the house and against everyone else at the table.
In some regards, the gambler ethos in me says that if you invite bad karma, you get what you deserve.
That said. I'm now in the market for a Porsche.
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