Shorting Stocks

“There's no difference except for the risk, but the same principles apply. If you're good at buying stocks, you're going to be good at shorting stocks.”

“We've done it with our own capital three times and failed miserably each time, not an absolute return sense, but certainly an opportunity cost sense because it's been during this great run up. So we've lost a lot of return with our own capital trying to do thi…”

“Pretty good data out there that long, short managers, and I'm sure you know this, are good at picking stocks. Not as good at shorting stocks on average. Some are good, but not as good on average.”