Ten years later
In 1998, I was sitting at a restaurant having a glass of wine in San Francisco and the four women sitting at the table next to me were not talking about shoes, men, or children. They were talking about their portfolios. One gushed that she had moved more of her money into equities and another and another said that she had upped the amount she was putting into her Schwab account.
Fast forward. Ten years later….
Yesterday, over Turkish cay, four women sitting at a table in my house and one says, “Should I pull 20% out of my retirement, take the loss, but get the cash out while I can?” The other woman says, “And then what, put it under a mattress?” Another says, “Did you see Bush last night. He was terrifying.”