Subject: The Price of Admission
A good article summarizing past up’s & down’s for many different reasons, (rarely the same), & how in the end, it’s the risks we take that are “ The Price of Admission” to enjoy the resulting gains beyond lower return risk free alternatives.

https://bilello.blog/2025/the-...

The 2nd chart in Whitney Tilson’s Daily a nice summary of the “downs” that seem necessary to achieve the following “Ups”

https://stansberryresearch.com...

ciao