A Quote by Whitney Tilson
Shorting saved my butt in 2008... Shorting kept me in the game. It generates cash when the market's crashing. And that's what you want when the market's crashing - cash.
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Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.
The trend of the market is up, not down. Shorting stocks puts you against that trend and thus makes it more difficult to make money.
I close my eyes. And i scream. If my whole world is crashing down around me, then I am going to make the sound of the crashing. I want to scream until all my bones break.
After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted silk to make some cash.
The advance planning and sense stimuli employed to capture a $10 million cigarette or soap market are nothing compared to the brainwashing and propaganda blitzes used to ensure control of the largest cash market in the world: the Executive Branch of the United States Government.
The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down.
Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.
Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market either by cutting rates, launching QE, or threatening to launch another round of QE.
I mean, I had fast motor cars and fast motor bikes, and when I wasn't crashing airplanes, I was crashing motor bikes. It's all part of the game.
Against the windows the storm comes dashing, Through tattered foliage the hail tears crashing, The blue lightning flashes, The rapid hail clashes... The thunder is rumbling And crashing and crumbling.
I am most challenged by playing cash games against the world's top players. These games force me to think several moves in advance, like in a game of chess. And though I also find tournaments fun to play, they just don't provide the constant brain buzz that cash game players crave.
The most obvious difference between a cash game and a tournament is that in tournament play, once your chips are gone, so are you. In a cash game, you can always dig into your pocket for more money.
Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion.
My concept is, until you absolutely know the plane is crashing, there's no reason to be afraid. All the turbulence in the world does not mean the plane is crashing. Once it's confirmed, then you can be afraid.
The government could either raise $100 by selling allowances and then give that amount in cash to particular businesses and individuals, or it could simply give $100 worth of allowances to those businesses and individuals, who could immediately and easily transform the allowances into cash through the secondary market.
We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.
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