Looking at the graph this investment produced a total return of over 13% per year (in with $100, out with more than $106,000; ok!) though it took 57 years to do this (are you kidding me?); it does not exactly have a smooth path, with several hiccups of 20% or more and even a 15-year period in 1967-1982 with almost no nominal price return (in real terms it was a disaster; yuk!); it still involves only blue-chip shares (good); and… it comes with no “now what” factor (how boring). If you do not want or cannot stay invested for the whole period, you should know there are reliable measures that can protect you at least partially from the worst drawdowns. But you can’t escape the fact that you need to play this game with patience and fortitude, deploying your investment program over years, not months or quarters. (See this old Washington Post article
for a different twist on “patience and fortitude”.)
What if your reservoir of stamina in investing only goes as far as keeping you cool for a year or less? You are in a bind because, as we said, investment “strategies” targeted to short-term horizons don’t benefit from (any?) replicable processes you can rely on. This means that you are also unlikely to solve the issue by entrusting your money to others, since their chance of possessing a better mouse trap is very low at best.
Long-term friendship, even with the alternative faced by Sergei, is irreplaceable.