To: Blue On Black who wrote (6523 ) 3/12/1999 7:54:00 PM From: Druss Respond to of 12754
From the 'Zen of Shorting' Lee I found the passage you were refering to. One morning while the great short Chu Mei Ash was instructing his shorting class one of his students joined the class having just come from the market. He immediately requested permission to speak and said: "Master, do you recall the stock Toto Shipping Company?" "Most certainly, Little Worm, that was a most profitable short. I shorted it from 100 down to 5." "Then perhaps Master you recall the long on the stock, Baka?" "That is a less pleasant memory to recall. He served me a never ending banquet of insults to dine on. The insults were mixed with daily proclamations of how I was going to be squeezed unmercifully, the company was going to bring out great news any moment, and always I was destined for terrible losses. Why do you ask?" "Toto Shipping has moved back up to 10, now he is saying this movement proves he was right and that you are thus proven to be a great idiot." "It is fortunate, Little Worm, said Chu Mei Ash, "That we have the teaching of the Lord Buddha to guide us in life. For if we refer to his teachings we can see that Baka is indeed correct." "Correct Master? I don't understand." His student replied. Did not the Lord Buddha say that all in this life was illusion and suffering? So Baka is able to clearly see this illusion and proclaim profits from a stock dropping from 100 to 10. While I labor not only under the illusion that I profited by shorting the stock from 100 to 5, I am burdened with the added illusion that I collected a great deal of gold for it. A problem that he does not have." "Sadly," Chu Mei Ash added, "It is in the spiritual realm that I am decidedly failing to match Baka's achievements." "Again, Master, I do not understand." the student said. "You see Little Worm, not only do I hold to more illusions than Baka I think that he is most surely in touch with the suffering in this world, having traded Toto Shipping in this manner. While I am failing most miserably to feel any suffering at all."