Financial Negativeland

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.

Continue reading Financial Negativeland