Derek Moneyberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
And he was asking me about my investments.
So I started buying stocks heavily in December 2008.
And the market was just down, down, down.
I bought a lot of casino stocks this time.
Down, down, down, down.
And, you know, I kind of ran out of money.
Whereas spending cash, I ran out of cash.
I had assets.
I didn't have cash.
I was spending, you know, all that money through December, first half of January.
And, you know, then I didn't have any more cash.
And the market just kept...
And the bottom was the first week of March 2009.
At that time, my portfolio was down 70%.
Holy shit.
I was down 70%.
And I remember being in New Orleans with my buddy.
He was broke at the time, or more or less.
He was a young kid.
He was in his early 20s.