4 ms·

Er, past ~10 years I think?

• OJFord 5y ago
  March 2020 was brief for many sectors in hindsight, but quite brutal at the time. Of course if you expand your horizon and look only at the end vs. beginning it's fine, but you can do that well back past 2008 too. GP means 'never seen any significant drop at any point', not just that then came back up.
  • bo1024 5y ago
    Dunno, seems like the lesson anyone would have learned in 2020 is “the fed will save you and all losses are extremely temporary”, which is not like a real downturn.
    • OJFord 5y ago
      Maybe, but it seems directionally correct. If you panicked and sold only to later repurchase (or not need the cash until later) that was bad - and even if you learnt not to do that for the wrong (or not generalisable) reason, you sort of learnt the right thing?