My point is billionaires do just fine in market crashes. Not the house of cards shysters (though they usually just lose other people’s money), but the real super rich. The Buffets, Gates and Waltons of the world don’t really “lose” that money, because they weren’t going to sell anyway.
So, if they or you bought Cisco at $80 a share in 2000 and they/you still hold those shares at todays price of $26 a share, are you saying that you/they haven’t lost money?