, Columnist
Maverick Contrarian Bears Are Lonely
Also Goldman meal allowances, database design and hipster antitrust.
Lonely bears.
Most of the time, stock markets mostly go up, so if you bet that they will go down, mostly you will be wrong and will lose money. Meanwhile the people who bet that stocks will go up will mostly be right and make money. (As they should: We want people to invest capital in productive enterprises, and so there should be a positive return on that capital to encourage them.)