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I didn’t though. That wasn’t my starting point, the 20s was. It’s just the 80s are when things start going wrong. The Nikkei declined over years, hitting just o

• eloff 5y ago
  You did though. "and then make losses which would require another 30 years to recover from." Make losses starting from that high in the late eighties. Why choose that date to start from. Start a decade earlier and it doesn't look so grim. Look at the average return since 1929 and it's good as well. Pick a better date than 1929 and get a fairer picture.
  • carnitine 5y ago
    Are you missing the ‘and then’? It’s a compound sentence, I was just stating the point at which the losses occur. I didn’t ‘choose’ that date, that’s just when things happened. The start point was the 20s as is the point of this entire comment thread.
    • eloff 5y ago
      It's 30 years to recover losses from the high. That sounds bad, but how long to recover losses if you don't count the ridiculous paper gains during the bubble? The point is you're cherry picking to give that statistic. You gave a statistic that is meaningful only in the context of picking the worst possible date for comparison. Surely you can understand that.
      • carnitine 5y ago
        I chose no dates. I described what happens if you used the same dates as the original comment at the root of this thread. The American indices recovered from the 2008 crash in a couple of years. Japan’s problems are far worse than a single stock market bubble in the 80s.