Technology-driven disruption is getting, well, progressively more disruptive. While some have the talent for picking disruptors such as AMZN, TSLA, and NFLX, I generally shy away from their valuations. And I am no expect on the latest biotech or solar company's technology. I do know, however, that, for instance, regardless of who wins solar, coal will lose. Picking companies in similar situations, i.e. on the receiving end of capitalisms creative destruction, has become a major investment theme for me. These companies I call dead shorts. Many short sellers look at valuations. They drool at stocks priced in the hundreds waiting for the inflection point signaling the start of a hopefully catastrophic fall. Dead shorting involve no such calculus. It looks for companies already well on the downhill path, whose businesses are experiencing secular disruption and sales are falling. It prefers those with balance sheets unlikely to withstand such pressure, leading sooner or later (hopefully sooner) liquidation.