Absolutely, while the adage "you haven't lost until you sell" might be a comforting spin when trying to defend your mates, it overlooks the practical reality of assessing portfolio health and performance. In publicly traded securities, market value is a tangible indicator of the asset's worth. Claiming wealth preservation while ignoring a 95% decline in market capitalisation seems to be evading the logical mark-to-market principles, which are standard in assessing the health of exchange-traded securities. This perspective may resonate more with an executive managing a private company which has stayed private for a protracted period but is unlikely to hoodwink shareholders in a public market context. in fact, it's an embarrassing representation and in fact disrespectful to RHY shareholders (past and present) to claim no loss when the market cap is down 90 odd %.
