Today is historic :)
It is my lifetime record one-day loss. Well, actually it's not a realized loss (yet anyways). I'm holding to my capitalist discipline of not selling in panic. I have done my homework and have capitalized on well-established companies with great potential.
So i'm holding dearly to Buffet's wisdom. The one thing i have not done yet is keep some free cash for moments like this. It's a sale for sure, but all my money is tied up in assets already.
Today i met a friend of mine whom i trust on these financial issues. He thinks there is no floor under the market. No rock bottom. Well, i have no means of verifying or challenging him. Oh after listening to Bernanke yesterday and watching world screens turning red, it's not difficult to bare such a bleek view and sound like an expert.
But what i know is at these times, those who claim they know how things will unfold are most probably bluffing. What am i going to do? Hold to my conventional wisdom and test it (and myself) to the end ... and do it with a smile :)
It's a tough exam, though!
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