Dienstag, Januar 22, 2008

The Market Moves...

Ah, the hysteria of the markets.

A colleague got fairly upset when he saw what had happened to his portfolio. I simply asked him if he had stop-loss orders in place and had liquidated his position.

Of course he hadn't, and indeed hadn't sold anything.

So I am asked him: what then did you lose?

 

Ahhhh.

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