Word: holmeses
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"I cannot say I was shocked, more like surprised," wrote Simon O. Holmes '03 in an e-mail message. "Nobody who knows the market could have honestly believed that the valuations some of these companies had were justified, or would last for the long term."
Holmes has been an investor for four years and has run his own portfolio since his junior year in high school.
Between April 10 and 14, Holmes lost about 30 percent of his portfolio. On Friday alone, he was down 13 percent. But he says that his stocks have gone up 20 percent since then.
Holmes agrees the decline will be a dose of reality. But he does not plan to make major changes.
Holmes echoes that belief.