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The history of shorting stocks is 400 years old — Quartz


January 31, 2021
If last week’s stock market frenzy surrounding GameStop had any public value, it might be that it served as an introduction for many to the once-obscure concept of shorting stocks.
While even most non-investors understand the basic premise of buying shares in the hope stocks will rise, shorting shares that is, investing in a stock’s decline is a much more esoteric practice best left to the professionals.
Much of shorting’s mystery comes from its complicated mechanics. To short a stock, investors borrow shares they believe will decline with the agreement to return them at a set time, then sell them on the market. When it comes time to return the borrowed shares, the investors buy them back from the market theoretically at a lower price and pocket the difference. It’s a risky maneuver because, while conventional stock investors can only lose their initial investment, a short investor’s losses can be infinite. Again, something best left to the ....

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Ask a Bookseller: Let's talk about money


Money: The True Story of a Made-Up Thing by Jacob Goldstein.
Courtesy of publisher
You might recognize Goldstein as the co-host of NPR’s Planet Money. Neal called it “a quick read: concise and easy to understand” that covers a vast history, ranging from the earliest coins to digital currency like bitcoin. 
The underlying theme, according to Neal, is a five letter word: trust. It’s the solid foundation for every monetary form, one that is hard-won and easily lost. 
You can hear Planet Money and How I Built Saturdays at 7 p.m. on MPR News.
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