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Pastimes : FLAME THREAD - Post all obnoxious/derogatory comments here
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To: Blue On Black who wrote (4092)4/22/1998 2:00:00 PM
From: Druss  Read Replies (1) of 12754
 
From the 'Zen of Shorting'
Since Chu Mei Ash the was the greatest short of his era many have felt that he tended to make his market moves without ever consulting with other traders. Research indicates this is not true and he did on occasion exchange information and stock picks with other shorts he respected. A case in point would be the noted short Tak Se.
Tac Se as mentioned earlier founded a rickshaw company that was very successful and sold his portion, some 85% of the outstanding shares and entered the market completely as a way of life instead of simply a side line. The company was called the Black and White Rickshaw Company.
We are fortunate to have a record of their first short ever together. This information was never published in any accounts of Chu Mei Ash or Tak Se's life and indeed was not discovered until the 20th century long after their deaths. Many have said that the records were lost for so long due to the scandal that developed around Tak Se soon after he entered the market.
It seems Black and White Rickshaw had come on hard times soon after Tak Se sold. The books had been doctored to a considerable extent and the company was worth far less than what was paid Tak Se.
Tak Se proclaimed publicly that he had lost great face with this discovery and promptly took action. He had his accountant arrested, held in complete isolation, and then beheaded (though oddly with a gag in place). He then publicly apologized for the actions of his accountant. No record exists of the embarrassed Tak Se ever returning any of the money that he was overpaid for the company. The only record we have in this respect is of Tak Se and Chu Mei Ash's first short together, of the Black and White Rickshaw Company.
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