you say it's somehow wrong to bet against his own investors (or his own funds, if that), as if that's a conflict of interest, when in fact, it's called insurance and covering your bases against odds.
Now, had a company arrogantly and confidently bet only FOR their investors, would that be your ideal management strategy? Had they failed in the bet (all or nothing, in this case, getting nothing), would you not complain that they were short sighted, selfish and irresponsible?
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