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Do not worry so much."In the long run, we are all dead".
When Donald Trump was on the verge of Bankruptcy he was several billion dollars in debt. When Trump was walking down the streets of Manhattan he saw a bum panhandling for money and thought to himself: that guy has several billion dollars more than I do.
I wonder how other people is taking these dramatic and unexpected losses. In the internet everything is as always, no one is complaining. No one in fact ever talks about having lost money, could it be that I am the only one with heavy losses in the whole universe?
I actually think that most people are too scared to look and are not opening their mail. They are just holding on and believe that it will all recover in about 18 months. In reality, what else can they do? Mostly, they still have their shares.The people who were really wiped out were trading on margin, and consequently forced to sell into a depressed market; they have suffered a humiliation and do not want to talk about it. But how do you make money without borrowing it? Most of the astute speculators in history (eg Keynes himself) have been through this experience and come out of it sadder but wiser. If you are lucky, you get to recover but it takes time, patience and hard, hard work.
Borrowing, working with other people´s money, leveraging is the only way to make money. I am still in debt but the bank has not asked for early repayment, so I can wait out this panic (only 18 months, you said? I can do it).
You will last longer than the bank.
You, Sir, certainly know how to put G-d´s fear in this humble investor´s heart.
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