I've been measuring my buy'n'hold portfolio in terms of total gain / time. Have I "lost" a bunch of money since the peak? Yes (most of my stocks are tech). Do I

I've been measuring my buy'n'hold portfolio in terms of total gain / time. Have I "lost" a bunch of money since the peak? Yes (most of my stocks are tech). Do I care about losses since the peak? No, that isn't how I measure value. I've taken a similar tack when determining the value I have in a vehicle for example (or the cost/location of an apartment relative to common commute destinations). Basically, the value of the thing is in the utility I get out of it, rather than what others would pay for it. My car, for example, gives me a huge amount of utility in terms of visiting family, friends, engaging in hobbies, traveling relatively unfettered, etc. If I had to value that utility I would compare what I can currently do with the closest conceivable alternatives. It makes for a fun spreadsheet puzzle, to be honest. The last time I dug in and did the math, it was for housing location and cost, commute distance and cost, and cost-of-time.