...the index works by ridding of poor performing stocks and replacing them with better performing ones over time.
...so when we are told that over a long period of time, the indices show that holding longer always produce better results, we are no longer fairly comparing apples to apples of stock constituents over the compared timeframes.
....this thread has showed so many instance of ASX listed stocks from RHC, APX, A2M, AGL, CHN, CLV, WDS....I can go on...that hit their peak awhile back and never looked like getting back to it (peak) with time...and those who made multibags earlier on and went on to hold longer that they should have, saw their returns (made earlier) eroded substantially, and they continue to hope for the day that all time high will be revisited again...instead, they made new lows.
