Dangerous things: How to make – or lose – a fortune

Loan me your Toyota Camry for a year. (Image: Matthew Hansen)

Sat, 08 Jun 2024

I often get asked what shorting stocks is and how it works. Think of it like this. You and I are besties, we flat together, you own a black 2018 Toyota Camry which is worth about $25,000 (thanks Trade Me) and you are about to go on a gap year and want me to look after your car for a year. The day you leave I sell your generic car for $25,000 as I have a strong view that in a year said 2018 Toyota Camry will be worth less. The day before you return, I buy back "generic" black 2018 Toyota Camry cheaper than I sold it and hand...

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