The virtue of patience

Interesting: over the recent more or less 10 years (5000 sessions), anyone patient enough - i.e. ready to hold his position open over up to 250 sessions - who invested in the S&P500 index, would have lost a maximum of 4,1%, even that the market took a two huge dives in that period:

Legend:

black line - return at the end of 250 days period

blue line - maximum return over a 250 days period

red line - maximum loss over a 250 days period

Of course, he would have to close his position at the right moment... ;)