Sniperfish
Joined 13 years ago
Joined 13 years ago
Mechanically, the negative share position is achieved by borrowing shares to sell. This carries an obligation to give 'back' the borrowed shares, which is satisfied when you buy in the market.
Just spitballing which systems I would realistically want access to passwords on, at a minimum, includes: personal desktop, personal laptop, tablet(s), cellphone(s), family (parent, sibling, in-laws, etc) computers, office desktop, office laptop.
In my case (many cases?), the latter two prevent software installation, so I would need to manually type from a manager synced on my cell. Which really is no different to what is required for 2FA - just a longer character string. Overall, a some setup and synch related inconveniences but not to a damaging degree, which is why I think this is more a matter of perception - once you think through where you're typing passwords it appears less of an obstacle.
I have no idea what this means, which is - I suppose - the point?
IMO the network effect is the biggest thing to break and that would need to begin with the buy-side. If Pension Manager XYZ with $N trillion AUM uses Bloomberg then you can be damn sure so does anyone wanting to do business with them.
Related, I renewed a print subscription to The Economist after spending the last ~5 years as a digital-only subscriber. I read so much more of the content when it's a physical item than by picking the articles with 'interesting' headlines.
[1] http://www.newsweek.com/assange-google-not-what-it-seems-279...