No, that person wasn't me! ACCICB told me he heard of somebody who lost that much last year in the stock market. Regardless of how much the person's net worth was, 10% is a huge amount to lose in a year! I was asked to guess the dollar value of the person's loss and even after 10 guesses, I still didn't hit the magic number! 

Let's just say that it is impossible for most people to have that kind of money in a lifetime and the amount lost can feed 10 families comfortably throughout their existence on earth. That conversation triggered off this post as most people have probably already calculated their realised /& unrealised portfolio loss/ net worth loss now that we are in the early days of 2016.

Since investing typically means waiting for the value of a stock to appreciate, in such economic doldrums, valuations get slashed