This blog is my attempt to record for my kids (and those that might be interested) the "first principle" lessons I've learned in life. I define "first principle" as those truths that remain regardless of situation, environment or timing. As I'm human, I will inevitably make mistakes in assessing and capturing these. That's the first first principle. ;-)
With the Nasdaq about 33% off its peak, it is worth remembering that during the dotcom bubble, the trough occurred about 78% below the March 2000 peak. And it took until October 2002 to get there. Recovery took a further 13 years.
First princples 
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