The 80% drawdown is critical. For the class of ‘21, who had their first large position established on the way up, held all the way down to $16k and stacked aggressively, every other class has experienced a euphoric return on those investments (even the initial ones). Class of ‘21 is barely above water on their first large allocations, after 4+ years. Totally different psyche than any other class.
Discussion
I totally get what you are saying. But the class of 2017 got their asses handed to them as well…1700 to 20k back down to 3k…we have all gone through the roller coaster
And you rewarded with $65k within 4 years. So even your $20k buy more than tripled within 4 years. Class of ‘21 probably went all in around $50k…and here we languish at $88k more than 4 years later.