Berkshire's had its teeth kicked in 4 times:
-59% (1973-75)
-37% (1987)
-49% (1998-2000)
-51% (2008-09)
Basically gets cut in half every decade then rips higher.
This is your reminder that drawdowns aren't failure â they're just the price of admission. Everyone panics at -30%, the real ones buy more and wait.
If Buffett can stomach a -50% and still come out a legend, maybe your -20% isn't the end of the world. đ€·
-59% (1973-75)
-37% (1987)
-49% (1998-2000)
-51% (2008-09)
Basically gets cut in half every decade then rips higher.
This is your reminder that drawdowns aren't failure â they're just the price of admission. Everyone panics at -30%, the real ones buy more and wait.
If Buffett can stomach a -50% and still come out a legend, maybe your -20% isn't the end of the world. đ€·