[squiffy]

I actually tried selling short Countrywide CFC and lost about 10K. I am glad to see Adios is still here. I kept predicting the demise of homebuilders and mortgage lenders and he kept telling me I just didn't understand CFC and its business model.

Short selling is pretty tricky. If you buy and hold, you can theoretically wait 5 years if necessary for the stock to go up.

With short selling, a stock can take 6 months or a year to go down. And the natural direction of the American stock market, over time, seems to be up.

So betting against a stock is a lot trickier than betting on a stock.

I think if it were easy and profitable to short, Buffett would probably do it.

It's easier to buy and hold undervalued stocks or to buy entire businesses when they are cheap.