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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (174323)12/29/2008 5:16:39 PM
From: Lizzie TudorRead Replies (1) of 306849
 
exactly. I didn't think about that decimal issue. So the timeline probably went something like this,

- 2001: we've lost 40% of our value
- 2002: "oh Sh!t" if we report these wipeout numbers we will be destroyed. Lets just make stuff up, keep collecting inflows and trade our way out of this when the market recovers to a roaring bull again

5 years later the roaring bull never came back. He needed to jump on board 10 or 20 googles or apples to make his money back. He could have done that in the 80s or 90s, not this decade. Then he was caught up in the scam, probably lying to himself about it until the day of reckoning this october.
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