Current drawdowns from all-time highs:

$KO: 0%
$AAPL: -2%
$SPX: -4%
$GOOGL: -18%
$AMZN: -19%
$NVDA: -20%
$MSFT: -23%
Gold: -28%
$META: -32%
$TSLA: -40%
$PLTR: -41%
$BTC: -49%
SpaceX: -50%
Silver: -53%
$ORCL: -66%
$MSTR: -83%
Trump Coin: -98%
Melania Coin: -99%

This is what volatility actually looks like. The boring stuff holds up. The exciting stuff gets destroyed.

Coca-Cola at zero drawdown while meme coins are down 99% tells you everything about confusing speculation with investing.

If you can't stomach a 50% drawdown, you shouldn't own it in the first place.