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Chapter 13. Taking the Long View > Investing over the Long-Term: It Works! - Pg. 130

Taking the Long View 130 (Source: Ibbotson Associates, 2001) Figure 13.3. Average 10-year total return since 1926 for S&P 500. If we define risk as losing our money, did we lose money by buying and holding for a 10-year period? Answer: No. At least not during modern times. In fact, we did quite well. So, what would you say is