Can someone explain this statement? My brain hurts. @eigenrobot you seem to know shithttps://twitter.com/williamlegate/status/1354238295622955008 …
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so you can have a chain of people "borrowing" the stock with a promise to return it on a future date, who then sell the stock to someone else they can later reuse the same stock in another short sale and so one unit of stock can be used in multiple short sales
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this is fine because the contracts only stipulate that ONE unit of stock be returned to the lender not the "same" unit of stock, stocks are basically fungible
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basically all assets are gambling (and thats fine)
End of conversation
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