No doubt, today the markets got smashed and pretty much everything took a beating. But at the same time, this is probably just a glitch for those who are in it for the long term.
However, I couldn't help but feel a little...shaken...at the losses that seemed to be piling up (not that I'm thinking of selling, but seeing the value go down so much so fast is a bit freaky) and wondered how others dealt with it?
Sometimes I think about James Packer for example. He bought $245m worth of TEN shares at about $1.40, so that's 175,000,000 shares. TEN shares hit a low of $1.11 today, meaning his $245m went down to roughly $194m - how does one feel looking at a screen and seeing $51m go down the drain??? Or do you think he just dismisses it as noise?