{"id":17970,"date":"2013-04-10T11:49:07","date_gmt":"2013-04-10T09:49:07","guid":{"rendered":"https:\/\/mamchenkov.net\/wordpress\/?p=17970"},"modified":"2013-04-10T11:49:07","modified_gmt":"2013-04-10T09:49:07","slug":"what-does-it-feel-like-to-lose-a-lot-of-money-quickly","status":"publish","type":"post","link":"https:\/\/mamchenkov.net\/wordpress\/2013\/04\/10\/what-does-it-feel-like-to-lose-a-lot-of-money-quickly\/","title":{"rendered":"What does it feel like to lose a lot of money (quickly)?"},"content":{"rendered":"\n

Here is a Quora question<\/a> that I got in the personalized weekly newsletter. \u00a0I never had anything close to a lot of money, but I’m pretty sure that if a miracle happens and one day I do, I’ll lose them all pretty quickly. \u00a0Thus, I was vaguely interested in the answers. \u00a0However, the answer by James Altucher (most voted) was way more than I expected.<\/p>\n

Then Internet stocks started to go down. This is ridiculous, I thought. The Internet is here to stay. I knew nothing about stocks or valuations or anything resembling rational thought. I doubled down. Then quadrupled down. Then 8-upled down.<\/p>\n

From June 2000 until September, 2001 I probably lost $1 million a month. When anyone says, “this is ridiculous”, that’s code for, “I’m about to lose a lot of money”.<\/p>\n

I couldn’t stop. I was an addict. I wanted to get back up to the peak.<\/p>\n

I wanted to be loved. I wanted to have $100 million so people would love me.<\/p>\n

I was the worst idiot. Writing this now I feel like slitting my wrists and stomach. I had 2 kids.<\/p>\n

I felt like I was going to die. That zero equals death. I couldn’t believe how stupid I had been. I had lost all my friends. Nobody returned calls. I would go to the ATM machine and feel my blood going through my whole body when I saw how much was left. I was going to zero and nothing could stop it. There were no jobs,\u00a0 there was nothing.<\/p><\/blockquote>\n

Read the whole thing<\/a>. \u00a0It’s fascinating and impressive.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Here is a Quora question that I got in the personalized weekly newsletter. \u00a0I never had anything close to a lot of money, but I’m pretty sure that if a miracle happens and one day I do, I’ll lose them all pretty quickly. \u00a0Thus, I was vaguely interested in the answers. \u00a0However, the answer by … Continue reading What does it feel like to lose a lot of money (quickly)?<\/span><\/a><\/p>\n\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[1],"tags":[1968,1336,123,79,1146,1224],"keyring_services":[],"class_list":["post-17970","post","type-post","status-publish","format-standard","hentry","category-general","tag-business","tag-inspiration","tag-money","tag-people","tag-psychology","tag-startups"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":7933,"url":"https:\/\/mamchenkov.net\/wordpress\/2004\/09\/20\/why-you-should-never-lose-your-digital-media\/","url_meta":{"origin":17970,"position":0},"title":"Why You Should Never Lose Your Digital Media","author":"Leonid Mamchenkov","date":"September 20, 2004","format":false,"excerpt":"Slashdot is a running an interesting story about the issue of losing digital media with private files, like photographs, and about someone else using it when found. It links to the blog (with the cool name \"I Found Some Of Your Life\") of the guy, who found a CompactFlash (or\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8608,"url":"https:\/\/mamchenkov.net\/wordpress\/2005\/02\/09\/feed-on-feeds\/","url_meta":{"origin":17970,"position":1},"title":"Feed on feeds","author":"Leonid Mamchenkov","date":"February 9, 2005","format":false,"excerpt":"Feed on feeds is a free software (GPL) that mimics BlogLines functionality. Many people are afraid that BlogLines will get evil, commercial or both and they will lose one of the most handy tools ever. Feed on feeds is supposed to solve the problem by providing all the functionality in\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14486,"url":"https:\/\/mamchenkov.net\/wordpress\/2011\/02\/28\/lastpass-xss-vulnerability-found-is-it-a-big-deal\/","url_meta":{"origin":17970,"position":2},"title":"LastPass XSS vulnerability found. 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