An explanation and defence of short selling. A contemporary review by H. Hartkemeie in the Journal of American Statistical Association (December 1932) questions Meeker’s confidence in short selling: ‘Mr. Meeker presents far too good a case for short selling. Short selling is generally regarded as a valuable practice when carried on by trained individual speculators, but it may become dangerous when used by a large pool. It is difficult for Mr. Meeker to view to short selling from an unbiased standpoint as this book indicates’ (quoted in Dennistoun).
Dennistoun, Bubbles, Booms and Busts, 355.