actuality.log

Part 1: Short selling.

Let’s say BigWig has 10,000 shares of Apple Corp. (worth, say, $150 each).
JoeWeasel approaches BigWig and requests to “rent” these shares for a week, for say $50,000.
BigWig sees this as a good deal, for once JoeWeasel returns his shares, in effect, he’s received $50,000 “for free.” So he says OK, and gives [...]