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Biggest loss I've ever taken

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  1. 06-30-2011 11:17 PM #1
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    Default Biggest loss I've ever taken

    I'm drunk as fuck right now.

    I got my esop evaluation for my old job today. My retirement plan. I took a fuckint 20% loss today.

    100k down to 80 just like that. And even though I still smell shit in the shitter, and want to get out, since it's my Employee Stock Ownership Plan, I'm still locked away for 2 years until I fully vest and can get it the hell out of there.

    Man. I thought I was prepared for this kind of shit after all the poker I've played, and understanding of variance, and knowing about bankrolls.

    This is fucking torture because I can't cash out and run.
    The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
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  2. 06-30-2011 11:23 PM #2
    wufwugy
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    I'm sorry man, I know how you feel. Only times I've experienced severe anxiety attacks have been financial related. It gets easier.
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  3. 06-30-2011 11:36 PM #3
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    Diversification is key. Employee stock ownership plans are like putting it all on red.

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  4. 06-30-2011 11:47 PM #4
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    @ warpe, yeah, sadly I didn't have a choice.
    The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
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  5. 06-30-2011 11:51 PM #5
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    work harder, company will improve, and your stocks will go up
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  6. 07-01-2011 12:14 AM #6
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    Quote Originally Posted by BankItDrew View Post
    work harder, company will improve, and your stocks will go up
    But that's what they're...

    nvm

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  7. 07-01-2011 12:17 AM #7
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  8. 07-01-2011 01:27 AM #8
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    Quote Originally Posted by BankItDrew View Post
    work harder, company will improve, and your stocks will go up
    I left the company, and moved away. I have no influence on how my companies stocks are growing/shrinking. I can't even shop there to help my bottom line incrementally.
    The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
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  9. 07-01-2011 02:51 AM #9
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    Quote Originally Posted by Warpe View Post
    Diversification is key. Employee stock ownership plans are like putting it all on red.
    red is a good color to pick.
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  10. 07-01-2011 03:27 AM #10
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  11. 07-01-2011 04:13 AM #11
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    Quote Originally Posted by Ragnar4 View Post
    I left the company, and moved away. I have no influence on how my companies stocks are growing/shrinking. I can't even shop there to help my bottom line incrementally.
    spend all your remaining funds on buying more stock to push up the price. You'll be buying low at least.
    I'm the king of bongo, baby I'm the king of bongo bong.
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  12. 07-01-2011 09:59 AM #12
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    Quote Originally Posted by Warpe View Post
    Diversification is key. Employee stock ownership plans are like putting it all on red.
    Exactly. Everyone knows you should put it all on black.
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  13. 07-01-2011 10:03 AM #13
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    naw man red is the new black and if it isn't

    "they're calling this one in! everyone switch to black!"

    ?wut
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  14. 07-01-2011 12:24 PM #14
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    Quote Originally Posted by BennyLaRue View Post
    Exactly. Everyone knows you should put it all on black.
    Racist ban! Reds deserve equal consideration in all gambling decisions.
    <a href=http://i.imgur.com/kWiMIMW.png target=_blank>http://i.imgur.com/kWiMIMW.png</a>
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  15. 07-01-2011 09:36 PM #15
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    WTF is going on in this thread. Never stay in one job long enough to be vested... call yourself an IT professional.
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  16. 07-02-2011 04:31 PM #16
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    Now, 48 hours after being drunk and just getting over it. I'm better.

    And thanks for the luls.

    Everyone knows you put it on Green, you win waaaay more!

    I mean it's either black, red, or green, and if you land on green they pay out like 32-1 I'll take 2:1 to get paid 32:1.
    The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
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  17. 07-02-2011 04:48 PM #17
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    I mean, it either lands on Green, or it lands on Red or Black. So really it's a coinflip and they are giving you 32:1 payout. Ezgame.
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  18. 07-04-2011 01:11 PM #18
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    Quote Originally Posted by Warpe View Post
    Diversification is key.
    This. Always this.
    - You're the reason why paradise lost
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  19. 07-04-2011 07:45 PM #19
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    YouTube - &#x202a;"Always bet on black"&#x202c;&rlm;
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