#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

6471.183 - 6494.561 Bill Ackman

You short a stock at 100, what it means is you borrow the security from someone else. The analogy I gave that made it easy for people to understand, it's a bit like you think silver coins are going to go down in value. And you have a friend who's got a whole pile of these 1880 silver US dollars. And you think you're gonna go down a value. You say, hey, can I borrow 10 of those dollars from you?