T & T Call to the Permabears

I know nothing about the stock market. I never owned an individual stock before 2008 and if you are reading past my first sentence, you know what happened that year.

I was teaching at Indiana University and I slipped into an odd conversation with some of my undergraduate students while waiting for the clock to tell me to start the class. A couple of them were talking about switching majors because of the sums of money they were…