So it turns out that I did not, in fact, learn A LOT about this from Bill Simmons. Basically,
- Shorting stock is like the dick who bets the don’t pass line at the craps table, so it’s bad culture. (LOL, he originally said the don’t pass line at the poker table.)
- This is what his friend Malcolm Gladwell would refer to as a “Tipping Point”
- The idea of a financial transactions tax is like when baseball managers started switching relievers with every batter, and Major League Baseball had to make a new rule about relievers facing a minimum number of batters.