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People always save to make up for losses to their net worth, usually at a rate of 3 to 5 cents a year for every dollar of net worth lost, he says.
As the Asian crisis gathered steam in October, Philip Tose, cofounder of Hong Kong's Peregrine Investments, told FORBES: "I doubt whether ever before in history there has been so much personal net worth lost".
Similar(58)
"It's worth losing money to me.
It's not worth losing friends over".
That's worth losing a few dollars".
Is it worth losing the family home?
That was worth losing sleep over.
Occasionally it can be worth losing a buyer.
"Medals are worth losing shoes over," Chipolin said.
"No game is worth losing someone like him".
So take heed, kids: A sixer of Yuengling isn't worth losing your job.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com