Consumerism Commentary - Latest Comments in The Greatest Loss of This Recession

Re: The Greatest Loss of This Recession

Misty Jane — Wed, 22 Apr 2009 21:45:33 -0000

Good comment. I would add this: Look around and find someone to help. Everyone is needed somewhere.
MJ

Re: The Greatest Loss of This Recession

Ben — Mon, 20 Apr 2009 13:13:14 -0000

Our Terrified friend must forget about the past. Rule number one of the investment rules he learned was that past performance is no indicator of the future. That goes for the good years and the bad years. Don’t pull out of the market, because if the month of March has taught us anything it’s that the best returns come right after the worst ones.

Atta way to ignore the Rule Number One right after you state it.

Re: The Greatest Loss of This Recession

Mike — Sun, 19 Apr 2009 05:00:44 -0000

"C) Not waste 30 minutes of my time when all he had to say was on the second page"

Don't exaggerate; this article takes 5-10 minutes to read, max.

Re: The Greatest Loss of This Recession

the weakonomist — Thu, 16 Apr 2009 22:13:49 -0000

I would tell him to:
A) Not write articles so long
B) Stop complaining about that fact that he didn't take ownership of his own money
C) Not waste 30 minutes of my time when all he had to say was on the second page:

"It turns out that my crucial mistake was believing that the brokers and wealth managers and cable-television oracles who make up the financial-services industrial complex actually had my best interests at heart"

D) Learn from your mistakes and move forward. He's one of the "terrified".

Re: The Greatest Loss of This Recession

James — Thu, 16 Apr 2009 18:13:03 -0000

Flexo,

Another great posting. I think whats likely to happen is that people who have lived through this period of uncertainly will likely be more risk averse in the future. Its hard not to get anywhere for 10 years and not have it leave an impression on you.

Best,

James

Re: The Greatest Loss of This Recession

Dana Chen — Thu, 16 Apr 2009 12:08:46 -0000

What would you say to this guy? ;)

http://www.theatlantic.com/...

Re: The Greatest Loss of This Recession

BobD — Thu, 16 Apr 2009 12:03:31 -0000

Great Article....There are several who need to hear this message

Re: The Greatest Loss of This Recession

The Weakonomist — Thu, 16 Apr 2009 11:27:49 -0000

Nate you are 100% correct. That's a great addition.

Re: The Greatest Loss of This Recession

Nate — Thu, 16 Apr 2009 09:15:26 -0000

I think that one way for people to avoid the mind sets that you explained in participating in other activities. Do not make work your life. Be with your family, get a hobby, write a blog ;). When you have other focuses, loosing a job is not so hard.

Thanks,
Nate