[andsoitis]

> Are your tulips worth less if you bought them in 1636 or were they fairly priced and we're just still waiting on the market to come back to rationality?

When you’re broadly invested in the market (diversified portfolio), you’re basically saying to yourself that you are optimistic that the future will be better than today. There will be more prosperity, more peace, more human flourishing. If you believe those things, then it is rational to be invested.

If, on the other hand, you believe the future is doomed, then I supposed it could make sense to withdraw all your money in a defensive move and, I dunno, do something else with it.

I know which path I choose.