[tokyoseb]

The Nikkei 225 may be below its 1989 peak in price terms but you can’t ignore the dividends which an actual investment in the index would have paid during that period. On a total return basis (if you had reinvested the dividends into the index as you received them) the Nikkei passed its 1989 peak in 2021.

[deanmoriarty]

I struggle to understand why an educated crowd like HN routinely forgets dividends when posting any sort of financial charts. Total returns are what matters.

[andrewmcwatters]

I don’t know how many people in tech you’ve worked with, but the number of other people I’ve interacted with who actually read quarterly reports of publicly traded businesses has been exactly zero.

[floundy]

My point still stands, as the original comment was discussing the risk of loss over 30 years, with no additional investment that was 32 years of the investment being below its peak value.