We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In 1609 a merchant contracted to sell shares in the Dutch East India Company at a future date, sending the company’s share price into a plunge. A year later the authorities imposed the world’s first ban on short selling.

Short sellers, or “shorts”, have been blamed for almost every financial crisis in the 400 plus years since the Dutch episode. Shorts came under fire after the US stock market crash of 1929, shorts were blamed for the US stock market crash of October 1987 and shorts were blamed for the collapse of Lehman Brothers in 2008...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.