Not many retail investors were around in the market in 2018 or 2020 and have seen real carnage.
Recent correction of 20-40% fall in small caps is nothing. When the same stocks went up 2-10x in the space of just few months everyone thought it was normal :). 55% up move in small caps index in a single year cant’ sustain. I expect a very long time before we see the same pricing action across the small and microcap patch.
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