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Yeah me too - I remember when AMZN was $2. I remember when AAPL was 28 cents (before splits, etc). I remember when the Internet had a host of pundits proclaimin
by nemo44x 6y ago
Yeah me too - I remember when AMZN was $2. I remember when AAPL was 28 cents (before splits, etc). I remember when the Internet had a host of pundits proclaiming it was a dying fad in 2001.
And most anyone who bought a house at the peak of the bubble is doing quite well if they still have it today.
- mumblemumble 6y agoAre you familiar with the concept of survivorship bias? It's an important concept to remember when talking about the long term outcomes from adverse market events. "If they still have it today," for example, is a useful qualifier, because it subtly renders the statement almost tautological. "Sure, it was a bloodbath, but all the people who survived seem to be doing OK."
- nemo44x 6y agoYeah, don't go on margin is the lesson there. People that lost their hat on the housing crises borrowed too much (went too far on margin, which is what a home loan is). Anyone who just kept investing during any market crash in history is sitting well. So yeah, it's up to you.
- Apocryphon 6y agoThose stocks were issued by businesses that were providing goods and services for people and being paid in return.
- jcranmer 6y agoThe counterpoint is Japan: its economy peaked around 1990, and still hasn't recovered to that level, 30 years later.