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Thread: Well done Bill Ackman

  1. #21
    Join Date
    May 2018
    Posts
    6,519
    Quote Originally Posted by MadAmster View Post
    I'm still trying to work out who actually pays the "winnings" on these bets (or call/put/short options as they call them)?

    I understand that if you buy a share and its' price goes up you make a profit, it goes down you make a loss. In both cases, only when you sell them on.

    However, if you "bet", as this bloke appears to have done that the market (Dow Jones maybe?) will drop, you haven't bought anything as far as I know. How does this work?
    The entity that you bet with makes a loss....

    The nasty twist is that the counterparty to the hedge might be your or my pension fund.

  2. #22
    Join Date
    Jun 2016
    Posts
    12,971
    On what seems to have become the ‘money and morality’ thread, I see Brighthouse have gone bust today...not before time imo...every cloud...as they say.

  3. #23
    Join Date
    May 2018
    Posts
    6,519
    Good riddance to the Wonga of white goods

  4. #24
    Join Date
    May 2018
    Posts
    6,519
    No doubt they will blame COVID

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