Day 1,318: short-seller, take fright

Then a short-seller questioned his company’s finances, investors took fright and $100bn in market value evaporated.

The humbling of Gautam Adani is a test for Indian capitalism

Artwork of the day 
Freight Car at Truro
Edward Hopper
Date: 1931
Style: Social Realism
Genre: landscape
Media: watercolor
Location: Private Collection
Dimensions: 50.2 x 34.9 cm

Word of the day 
short-seller: someone who sells shares that they have borrowed, hoping that their price will fall before they buy them back and return them to their owner, so that they make a profit
take fright: to feel fear or anxiety

Quote of the day
“To begin by bluster, but afterwards to take fright at the enemy's numbers, shows a supreme lack of intelligence.”
― Sun Tzu, The Art of War