Recovery period
Risk & psychologyThe time taken to climb from a drawdown low back to the previous high.
In plain terms
Depth frightens people; duration breaks them. Most investors quit in year four of a long recovery, not at the bottom.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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