← Back to context

Comment by psvv

9 hours ago

Your point is correct, but let's not gloss over that most of those had 80% drawdowns or more. The nasdaq took 15 years to recover and it's only been 25 years total, meaning 60% of the time since then you'd have been living with a paper loss. Timing is difficult but powerful. (Just not as powerful as 25 years of waiting.)

People will eagerly tell you that some types of investments are guaranteed to show returns over a long enough period, but over a long enough period we'll all be dead.

  • The majority of people who were alive in 2001 are still alive today.

    • But possibly not the majority of people who might actually buy those stocks. Look into statistics on stock ownership by age.