Friday, May 22, 2009

Brilliant perspective on investing

If you invest in a risky asset class like stocks, your portfolio will nearly always be worth less than it was at some point in the past.

(emphasis his)


He doesn’t seem remotely interested in the amount he has accumulated over the course of his 20 years at the WSJ: instead, he’s only interested in the difference between that amount and its mark-to-market value on a certain date chosen to make him feel as miserable as possible.

The whole thing.

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