Fraud/Promote Shorts Versus Valuation Shorts
Mostly at Bronte nosotros brusk frauds or promotes. Stuff where the management says X but X is non true. Sometimes X is a stretch (a stretch made past times promotional management). Sometimes X is obviously false.
Either fashion nosotros tin depict what nosotros do. We detect things where the marketplace position is deliberately misinformed as well as thence comes upward alongside inaccurate prices. We mean value (on reasonable grounds) that nosotros are smarter than a deliberately misinformed marketplace position - as well as nosotros oft are.
We tin response the query "what is it that nosotros come across that others practise not?"
Sometimes (rarely) nosotros practise valuation shorts. [We accept a few valuation shorts now.]
In a valuation brusk nosotros are working on the same data every bit everyone else has. This makes me uncomfortable. There is an arrogance inward suggesting nosotros tin analyse the data amend than anyone else. We detect it harder to response the query of what nosotros come across when others don't as well as thence harder to justify the position at all.
Indeed oft nosotros accept no thought what the others are thinking as well as when I practise non know what soul is thinking it is difficult to justify (or test) the sentiment that they are wrong...
I mean value this is the explanation for the platitude inward short-selling circles that shorting valuation is a hapless game.
Anyway - I am uncomfortable because I can't depict my informational border as well as I don't similar thinking I am smarter than other people (as opposed to amend informed than other people).
That is all.
John
Either fashion nosotros tin depict what nosotros do. We detect things where the marketplace position is deliberately misinformed as well as thence comes upward alongside inaccurate prices. We mean value (on reasonable grounds) that nosotros are smarter than a deliberately misinformed marketplace position - as well as nosotros oft are.
We tin response the query "what is it that nosotros come across that others practise not?"
Sometimes (rarely) nosotros practise valuation shorts. [We accept a few valuation shorts now.]
In a valuation brusk nosotros are working on the same data every bit everyone else has. This makes me uncomfortable. There is an arrogance inward suggesting nosotros tin analyse the data amend than anyone else. We detect it harder to response the query of what nosotros come across when others don't as well as thence harder to justify the position at all.
Indeed oft nosotros accept no thought what the others are thinking as well as when I practise non know what soul is thinking it is difficult to justify (or test) the sentiment that they are wrong...
I mean value this is the explanation for the platitude inward short-selling circles that shorting valuation is a hapless game.
Anyway - I am uncomfortable because I can't depict my informational border as well as I don't similar thinking I am smarter than other people (as opposed to amend informed than other people).
That is all.
John
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