How much money is out there?

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Posted By: warshawlaw

I had a friend whose all tech portfolio peaked at $2.1 million during the boom. He resisted the temptation to diversify or cash out and today hasn't got a pot to pee in. I myself was forced to leave lots of money on the table because I could not talk my better half into selling off our tech holdings until well into the slide (actually, I surreptitously sold off half our holdings without telling her then got her permission; had I waited for her to pull the trigger nearly all of the profit would have evaporated instead of just about 50% of it).

Like I said, even if the cards tank (and over the last 30 years, they haven't dipped any worse than any other asset and have always rebounded), I still have my little works of art to enjoy.