Today, the dollar surged against equities: Difference between revisions

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(Created page with "<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.'' '''- Eric Weinstein''' on [https://twitter.com/EricRWeinstein/status/961673214383464448 X] </blockquote> ==On X== {{#widget:Tweet|id=961673214383464448}} Category:Ericisms...")
 
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''"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.''
''"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]
'''- Eric Weinstein''' on [https://twitter.com/EricRWeinstein/status/961673214383464448 X]

Latest revision as of 15:45, 5 August 2024

Today-the-dollar-surged-against-equities-961673214383464448.jpg

"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 X

On X[edit]