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I really don’t like the “well if you feel strongly why don’t you short” argument.

I think it is insane that Tesla is worth so much. But shorting stocks is not part of the asset allocation that meets my long term goals and needs. I can certainly believe something without wanting to bet on it.

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The thing is the market only cares about the opinion of those who put their money where their mouth is.

I'd add shorting is expensive (borrowing fees or volatility premium on options) and more complex (margin/option approval etc). Plus the old adage that the market can remain irrational longer than you can remain solvent.

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