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Today, the dollar surged against equities
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[[File:Today-the-dollar-surged-against-equities-961673214383464448.jpg|thumb]] <blockquote> ''"Today, the dollar surged against equities" said no financial reporter ever in describing a market sell-off. Beware of cheer-leading journalism. No "long only" portfolio is ever diversified. Long-only means being short a single security that you're encouraged not to think about. ''Every "Diversified Long-Only Stock Portfolio", is not truly diversified. It merely hides its concentration in a single undiversified short, which is never discussed by financial journalists in the same terms they discuss other securities.'' '''- Eric Weinstein''' on [https://twitter.com/EricRWeinstein/status/961673214383464448 X] </blockquote> ==On X== {{#widget:Tweet|id=961673214383464448}} [[Category:Ericisms]] [[Category:Economics]]
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