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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (7428)	6/7/1999 1:10:00 PM
From: Investor2	Read Replies (1) \| Respond to of 78665

Re: "I've studied the crashes and crunched the inflation-adjusted numbers, and I can imagine how scary it would feel to be in a market that cut Disney not from 40 to 30 but 40 to 4. Don't have to be there. I get sick to my stomach thinking about it, and worry about it daily." The psychological and physical damage that a period like those can inflict often causes people to "swear off" equity investing. Many, including one of my personal friends, will never ever purchase a stock again after feeling the financial disaster that accompanies a period of massive margin calls. Sometimes the loss is more than the loss in market value during the bear market. Sometimes the loss includes the potential future profits missed by never buying stocks again. Best wishes, I2