The most interesting thing I read today comes from Michael Batnick (Director of Research at RWM).
In a post titled “The Power of Defense” he discusses “the max gains and drawdowns buy and hold investors would have received over each of the previous eleven decades.”
I found the table below fascinating; every decade saw double digit drawdowns, even when measured in closing monthly prices.
click for ginormous table
Source: Irrelevant Investor
