A Wealth of Common Sense · 12 November 2026 · Additional Read

The Bear Markets

Ben Carlson

Historical analysis of major bear markets and multi-year downturns in U.S. stock market history, demonstrating that patient long-term investors must endure extended periods of negative returns and painful drawdowns—sometimes lasting 4+ years—as the price of eventual wealth creation.

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Topics: Venture Capital & Startups

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