Yeah, you're absolutely wrong. Look at markets over time. It's just data. You are totally wrong. Now if you try to time the market and buy junk, you'll get the results you'd expect when you don't know what you're doing.
You don't "lose money" if you don't sell. Who lost 90% of the value in their retirement? Where do you get that number? The markets weren't down 90% and came roaring back with a vengeance. I can't manage your portfolio but if you're exposed to markets at retirement age and have no other means of supporting yourself, that is a personal money management issue and has no relevance to the dominance of financial markets.
No one is immune, but I posted the numbers. Disney still performed well and has since had almost 10 years of record after record at the parks. 2 years of bad doesn't counteract 8 years of recrods.
That's what you people that miss out on stock market gains always miss.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
The corrections happen, give you a buying opportunity and then they are over with people missing out because they sold at the bottom and/or are too scared to buy stocks. That's how you underperform.
Disney stayed the course during that time and they are reaping the benefits today.
You know what a good time is?
An ice cream sundae.
You know what the end of that good time is?
An empty bowl.
Now, you can try all you want to tell me that the fact that a year from now, I'll have another sundae, and that it might even be a little bigger means that my good time isn't over but until I have another sundae, or an equally rewarding experience, I beg to differ.
You know what else is a good time?
A weekend - that two day break that (sometimes) allows me to relax and not think about the other five days of work I have to do.
You know what the end of that good time is?
Monday morning. (or Sunday night, depending on how you want to look at it)
You can try to argue all you want that the fact I have another weekend only five days away, means that the good time never ended.
My alarm clock tells me different.
You know what else is a good time?
Running a resort property where you seem to be able to raise prices without it negatively impacting revenue.
You know what the end of that good time is?
Laying off staff, mothballing hotel rooms, and making changes to long-term plans as a result of short term changes to the economy.
That's what happened last time with WDW.
None of us are talking about the financial ruin of Disney when we talk about bad times. We are talking about how they continue to work at pricing out segments of the economy and how they will respond when there is a financial downturn and they (possibly) find themselves having to try to woo back an audience at a price point that they have built their business on not wanting to attract and what happens when they have to reconcile these guests with the Club 33 members.
Back when pricing was (more) reasonable during the last down-turn, they went through this. That's when they decided that locals mattered to them again and among other things, began offering the monthly payment plan for FL residents on annual passes which changed the dynamic of people who could regularly frequent the parks.
Now look at the discussion we are having.
