The chart from the article disagrees. Investing in the mid- to late 20s generally, a period of overvaluation, you would have done well initially. But for peopl

The chart from the article disagrees. Investing in the mid- to late 20s generally, a period of overvaluation, you would have done well initially. But for people who didn't have perfect timing to cash out (aka most shmuks like me), every buy-and-hold dollar invested in that timespan would remain deeply in the red for a very long period of time. Due to the severity of the actual 1929 crash, a brief moment of semi-good investment returns (measured over multiple timespans from a few years to decades) occurred in 1933-1935.