Wild Monday
So what happened to the market on Monday? I don’t know and anyone who says they do know is full of it. Because investing involves lots of numbers and math, it is easy to assume that there are clear answers to questions like this. Math is constant. 2+2=4. Investing is not constant. 2+2= whatever the next guy is willing to pay for it and that person might value 2 differently than you or I. Increasingly, the next guy isn’t even a person at all, it’s a computer. Math serves more as a frame of reference in investing than as an absolute. Ok, that was a boring non-answer. I’ve found that people asking about investing don’t actually want an update on the reality of the markets so much as a quick story – the more outrageous, the better. We want someone to blame when the market goes down and we want someone to tell us…