Something To Be Proud Of?

Facebook shares exceed the IPO price and this is all over the news.

I've been a harsh critic of Facebook and the IPO, so this news should be humbling.  But allow me to make this point.  In May 2012 the SP500 was floating around 12500.  Now, it is at 15500.  That's a 25% increase.  Or, in other words:  HUGE.  So, if I had $10,000 and invested in the SP500, it would now be worth $12,4000.  If I had done the same with Facebook, it would now be worth $10,000.

Point is:  if you were in the stock market the last year and quarter, you'd have to try really, really hard to lose money.  Sort of like not passing classes in high school.  Facebook squeaked by.  And we're supposed to be impressed?  Heh.