Easy come, easy go


The stock market went way down today, so I decided to take a look at how much money I lost in my 401K. I am proud to say that I lost more money today than I earn in three months. That's good news because I couldn't have lost all that money unless I had a lot to start out with (or unless, as may certainly be the case, I don't earn all that much in three months).

My faith in the American system of free enterprise, founded as it is on corporations that have only the interests of their shareholders at heart, remains unshaken. My wife and I have often discussed transferring some of our massive wealth out of stock funds and into safer investments, but those discussions have, up to now, always foundered on the massive rocks of my own inertia. Such a course of action would require that this particular rational economic unit give enough of a **** to spend five minutes on the web transferring the money. Anyway, now I can't do it until I get that money back, which of course I know that I'll do because you never lose money in the stock market over the long run. Of course, as Keynes said, in the long run we're all dead, but I try not to think about that.
Posted: Tuesday - February 27, 2007 at 09:12 PM          

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