Michael Taillard

“Selling short: You borrow a stock and sell it to someone else with a promise to repurchase it at a later date. This is done when you think a stock will go down in price, allowing you to sell it at the current market price and repurchase it at a lower price, then to sell it long or keep it with the expectation that the price will recover. Selling short is extremely risky because if a stock continues to increase in value, you could end up having to rebuy it at a price much higher than what you sold it for.”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend

“Financial management actually has very little to do with money – money is just a unit of measurement – financial management is about taking control of your life.”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend