When I see the stock market do things like today, I have a mixed reaction. One part of me says, "Oh, crap! The money's going away." The more nihilistic part of me says, "Die fat cats, die!"
Is this normal?
Is this normal?
This is normal.
Not all of the fat cats are losing their money. Mostly it’s the stupid fat cats, and they are the ones playing with your retirement dollars. Some smart ones will lose money, but they’re smart enough to have already established a relationship with a Senator. They’ll shift the burden to you as well. Some fat cats will genuinely end up losing money. They’ll have to settle with only one house in the Hamptons. You’ll cash out a mutual fund at 30% of the value you put in. Have I mentioned that I hate mutual funds?
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