FYI: The Dow opened the 20th century trading at 68. It closed at 11,497, a 16,875% increase, which explodes to 1.8 million percent with dividends.
But of course nobody got these returns, and the ones that achieved even a fraction of them had to endure unthinkable pain along the way. Consider that:
The low in 1932 was the lowest prices of the 20th century. Stock prices were lower in 1932 than they were in 1900.
In 1974, stocks were trading at the same levels as they were the winter of 1958.
The Dow was lower in 2009 than it was in Halloween of 1996.
Look at the chart below and tell me what you see (H/t the data lord. Don’t actually tell me, that was just a figure of speech).
Regards,
Ted
https://theirrelevantinvestor.com/2019/10/10/tell-me-what-you-see/
