I saw a ton of ENRON owners ride it out...to the bottom.
“I saw a ton of ENRON owners ride it out...to the bottom.”
The Nikkei (Japan) peaked at 37,000 in 1990. It then dropped below 8,000 is 2003. The highest they’ve been since is 23,000, and that was just before Coronavirus (now 21,000). So, in 30 years, they never came close to their old peak, and that is WITHOUT even factoring-in inflation. Lots of retirements come and gone over that time.
The idea that stocks will ALWAYS go up, in the long-term, is similar to the thinking about real estate, going into 2008. Nothing is ever a sure bet...