Don't let the "experts" mislead you

" In a subtle way, the modern investor has been taught to accept by the money management community, encouraging himself to rejoice if his account go down only 10% when the averages are down 20% - after all , he has outperformed the average by 10% ! This is Bull Shit ! Plain and simple.

There is one, and only one, valid question for an investor to ask: " Have I made money ?" The answer will always be "Yes !" ."

From "Trader Vic - Methods of a Wall Street Master"