"In his book 'Anatomy of the Bear', Russell Napier examines four great buying opportunities on Wall Street - 1921, 1932, 1949 and 1982. (1932 was the bottom for the Dow but investors still suffered a rough time at the end of the 1930s and into the second world war. Outside the United States, investors who bought in 1928 suffered negative returns for the next 23 years, according to the London Business School.)"
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