None of my college CS courses used programming languages that featured FAR pointers.

The above example would cause an infinite loop on Win16's seg:off far memory model, but compiling on Win32 would not cause an infinite loop.

Problem is that far pointers only affect the offset, not the segment. So decrementing a 0 value offset would just wrap around to 0xFFFF and the segment would stay the same, so you're going from mem[0] to mem[65535] not mem[-1].