From bclund:
Over the last few months, whenever I am asked at a social function what I do, and I respond "I trade stocks," I get that "look" that ranges from pity to Schadenfreude, followed by something akin to them saying "things must be pretty tough, huh?" I of course respond that I am doing fine, because I can make money when the market moves down by...
SHORTING!!!! (Insert glazed look in conversationalist's eyes).
My mother actually thinks that I am doing something illegal when I tell her I can make money when a stock goes down. Personally, I never had an issue with the concept of shorting, which is maybe why I trade, but for others who do, I have developed a simple way to explain it. It goes like this...
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More on short selling:
Must-see update on Europe's short-selling ban
Four reasons David Einhorn is shorting one of world's most popular stocks...
Must-read: Master short-seller Jim Chanos' presentation from yesterday's Value Investing Congress
