I think most prefer to do their shorting by buying puts.
That would be fine with me. But options are also a waste of capital. Just pure gambling, zero sum game. Someone wins, someone loses, so no real wealth is ever created. Just a transfer of money.
I really do have issues with the ownership involved in shorting also. The profits from the loan all goes to the securities industries, while the owner of the asset gets nothing. Other than, their own asset being used to devalue their asset.
I don't buy the efficiency part either. I think it adds to the volatility of the markets.Up and down. Ever seen a short get a margin call?..lol.. That theory assumes people are stupid and short sellers, smarter. And people will pay anything for a stock. Instead of diversifying the profits made in a success, into supporting the creation of new technologies .
But I'm not the King, so shorting will continue. Because of the huge profits it generates for the securities industry...lol..