Oddbean

From Oct 2021 to July 2023 my net assets dropped by 25% in value It was horrible Having to go to your wife and admit you'd f*cked up I'd made a series of investment mistakes... First off, I had 2 real estate investments, that I was struggling to sell. No-one wanted to buy them! So what do you do? Sell at a loss? Or sit and hold... Then hope that you start to make your money back? Essentially I had assets on my balance sheet that were over-valued. To amp things up even more, I one day realised I'd made an accounting error, converting GBP to AUD on an equity position that was wrong F*ck! Anyways, 25% less wealth than you though is not your everyday, "oops I've lost my wallet" Thankfully I was running headlong down the Bitcoin Rabbit Hole, so I made a big call, and decided to re-allocate I've also since put in place a superior accounting process that I share with my wife weekly We have far better transparency together on what we own, our expenses, and therefore our savings Why tell this? Well I am so grateful to have made those mistakes Today we're circa 60% better off (in $ terms) to Oct 2023 A win Which as someone who is very bad at saying well done to themself, I wanted to make public like this, to say so myself What a time to be alive Sending good vibes all!