Broke Quote by Guy Spier
“I do not use short selling. The fund has not shorted a stock since the 2002 to 2003 time frame. At that time I did short three stocks, on which I broke even on two and made money on one of them. The experience taught me that I was not going to be using short selling going forward for a slew of reasons.”
About This Quote
Source Letter to shareholders, 2024
He stopped short selling after mixed results and ethical concerns.
In simple terms: He no longer shorts stocks.
Key Takeaway
Avoid short selling due to risk and principle.
Themes
finance
ethics
investment strategy
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- stock market
- investment decisions
- risk assessment
- portfolio construction
Key Concepts
short selling
risk management
portfolio ethics
Questions to Reflect On
- What alternatives to short selling align with your values?
- How do you manage risk without short positions?
A Different Perspective
Short selling can still be profitable; abandoning it may limit returns.
