“The market can remain irrational longer than you can remain solvent.” – John Maynard Keynes
I started investing in stocks a little over a year ago. Like most people I know who got caught up in the tech frenzy, I’ve gotten clobbered. Thankfully, I only invested in one pure-play Internet company and it’s still going strong as a business, even though its stock is in the tank. Hopefully, it and the other stocks will rebound in the next decade or two. I must say, though, that it’s been a relatively inexpensive lesson in humility. And I do notice that many men seem more willing to talk about the bath they’ve taken in the stock market. Maybe it’s misery loving company, but it also could be that our egos aren’t quite as entangled in our portfolios as they’ve been.