Japan's stock market took 34 YEARS to recover from its 1989 peak. Let that sink in.
Dec 1989: Nikkei 225 hit 38,916. Japan = 45% of global stock market cap.
Then the bubble popped. By March 2009, down 82% to ~7,055.
Didn't see a new ATH until Feb 2024. 34+ years of pain.
Today: Trading around 68,871, +77% above 1989 peak.
If you bought the top, you waited 3+ decades just to break even. No dividends can save that kind of damage.
This is why timing matters. This is why euphoria kills. And this is why people who scream "just HODL forever" don't understand lost opportunity cost.
Crypto moves faster, but the lesson is the same: don't chase tops when everyone's a genius.
Dec 1989: Nikkei 225 hit 38,916. Japan = 45% of global stock market cap.
Then the bubble popped. By March 2009, down 82% to ~7,055.
Didn't see a new ATH until Feb 2024. 34+ years of pain.
Today: Trading around 68,871, +77% above 1989 peak.
If you bought the top, you waited 3+ decades just to break even. No dividends can save that kind of damage.
This is why timing matters. This is why euphoria kills. And this is why people who scream "just HODL forever" don't understand lost opportunity cost.
Crypto moves faster, but the lesson is the same: don't chase tops when everyone's a genius.