why market crash is a blessing,a true blessing,not even in disgu

假设你有200万的资产，100万现金，100万股票/ETF/mutual funds, etc. 如果你明天想退休的话，你是希望股市:

A.翻一倍, or
B.跌一半?

My answer is B. Warren chose B too.

Why? An analogy serves as a good explaination:

假设这个世界上没有金融市场，没有金融证券，人们唯一的投资是鸡，人们唯一的sustenance and pleasure是eat eggs. 你有10000元和100只鸡，每只鸡的市价是100块. 你是希望每只鸡: A.涨到200块，还是B.跌倒50块？

A. your asset is worth 30000, 或者是150只鸡, or 150 eggs a day。
B. 你的asset是15000，或者300只鸡, or 300 eggs a day.

去年九，十，十一月份卖掉的基金大都在银行存了保本保息半年，一年期的理财，现在已经陆续到期了. 从3000点到3600到2800一路买下来. the more it crashes, the more blessed i feel.

treat your stocks like chicken, not like numerical, fiat money.

But US stock market is another story. It is a chicken that'll never lay any eggs any more.