Today I joined the erstwhile Masters of the Universe, and entered the red. My investments are now worth fewer dollars than I put into them. Am I freaking out? No. Not yet anyway. Another 25% down and we’ll see. I thank Bill Bernstein, Jack Bogle, and Burton Malkiel for this calm. Am I even surprised? No, and the thanks for that has to go to neo-Popperian Nicholas Nassim Taleb.
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