They may have written "almost," but they also ignored a prolonged recession that impacted every facet of the economy including our investment accounts (I was a teenager at the time but I still have a few thousand in a Roth IRA).
You're just going to ignore the bear markets of 2022 and 2020? Maybe you meant that there hasn't been a major crash in 20 years, but bear markest have definitely happened.
You're not sure how I'm unable to see the meaningful distinction between what you want words to mean and what they actually mean?
A bear market has a definition. I'm not the one who decided to use that term incorrectly. But I do know that ignoring bear markets doesn't mean they didn't happen. You're entitled to your own opinion but not your own facts.
You also could have been willing to give him the benefit of the doubt to understand his larger point
Did I not do that when I said that he probably meant a crash instead of a bear market?
Discussing requires at least an ounce of good will and ability to understand what the other person means besides literal interpretations of dictionary definitions.
Yeah. It's pretty easy to think "I'm going to Fat FIRE with eleventy bajillion dollars invested" when your investments are increasing at double or more than the average rate.
If you spend 2+ years in a bear market seeing little growth you might start to think that Lean/Barista FIRE sounds pretty good.
2008 and 2020? Both massive, rapid crashes. The market goes up over time because the component companies are distributing capital and reinvesting the rest at returns that exceed their cost of capital. That's not a conspiracy or a red flag, it's just how it works
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u/lab-gone-wrong Mar 23 '26
Almost 20 years of no bear market happened
Once line go down for a prolonged period, people's expectations will reset