Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Short selling

Business models

The craft of being short: borrow, carry, timing and the asymmetry of the payoff. The short-selling industry itself is covered under business models.

Books 9Experts 4Recommenders 17

Start here

  1. The Big ShortMichael Lewis, 2010
  2. The Art of Short SellingKathryn F. Staley, 1997
  3. Fooling Some of the People All of the TimeDavid Einhorn, 2008
Reminiscences of a Stock OperatorReminiscences of a Stock Operator
T1 Reminiscences of a Stock Operator
Edwin Lefevre · 1923
Open LibraryGoodreads

A speculator modelled on Jesse Livermore learns to read and trade the market.

“The finest trading book ever written is Reminiscences of a Stock Operator by Edwin LeFevre. It is colloquial reminiscences by a legendary speculator of the mistakes and lessons he learned over a…” — Barton Biggs

Source: Biggs calling it the finest trading book ever written

Recommended by: Barton Biggs, Bill Miller, Colm O'Shea and 5 others

The Big ShortThe Big Short
T1 The Big Short
Michael Lewis · 2010
Open LibraryGoodreads

The few investors who saw subprime mortgage bonds would fail, and bet against them.

Recommended by: Mohnish Pabrai and 5 others

The Art of Short SellingThe Art of Short Selling
T2 The Art of Short Selling
Kathryn F. Staley · 1997
Open LibraryGoodreads

How to find companies whose reported results hide their true condition.

Short SellingShort Selling
T2 Short Selling
Frank J. Fabozzi · 2004
Open LibraryGoodreads

Academic essays on how short selling works and what the evidence shows.

Fooling Some of the People All of the TimeFooling Some of the People All of the Time
T2 Fooling Some of the People All of the Time
David Einhorn · 2008
Open LibraryGoodreads

A six-year short of Allied Capital, and the SEC that investigated the short seller.

Recommended by: Bill Ackman, Patrick O'Shaughnessy

Sold ShortSold Short
T3 Sold Short
Manuel P. Asensio, Jack Barth · 2001
Open LibraryGoodreads

A short seller's campaigns against companies he publicly accused of fraud.

Confidence GameConfidence Game
T3 Confidence Game
Christine S. Richard · 2010
Open LibraryGoodreads

Bill Ackman's six-year campaign against bond insurer MBIA, from 2002 to 2008.

Recommended by: Andrew Wilkinson, Bill Ackman

Dead Companies WalkingDead Companies Walking
T3 Dead Companies Walking
Scott Fearon, Jesse Powell · 2015
Open LibraryGoodreads

A short seller on the recurring patterns of managerial self-delusion.

Selling America Short: The SEC and Market CoSelling America Short: The SEC and Market Contrarians in the Age of Absurdity
T4 Selling America Short: The SEC and Market Contrarians in the Age of Absurdity
Richard C. Sauer · 2010
Open LibraryGoodreads

A former SEC lawyer on naked shorting and the fights around it.

Recommended by: Mohnish Pabrai

More business models

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