Resource

The Divide: American Injustice in the Age of the Wealth Gap Highlight

posted on in: Quote.

The reason has to do with the mechanics of the profession. When you short a stock, you first borrow shares in the company, then sell them off immediately for cash. Then, after the stock’s value has dropped, you go out and buy the same amount of shares in the open market and return them to the original source.

— Matt Taibbi and Molly Crabapple

Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 263)