Life Advice: Money Edition
I passed along this New York Times article about psychology and peoples’ finances to my dad this morning. His response:
People sometimes ask me “why are you so upbeat when you have lost 40% of your stock portfolio?” I reply that in just a few more fleeting years I’ll lose 100% of my stock portfolio. It’s called death and there is no bailout. Meanwhile, I have all I need to live the life here which just a short time ago was beyond the reach of all but the wealthiest sliver of the world’s population. What a deal!
If you ask people who have lived a while what was the happiest time in their lives, you will probably find out that the answer does not correlate with the height of the stock market but rather has to do only with people.
