Any drawdown can recover; however, the time it requires will depend on the maximum drawdown and the compounded annual growth rate (CAGR) for recovery. Remember that for a 10% loss, you need an 11% gain which you can recover in 6 months, given a CAGR of 10%. For the same CAGR, a loss of 50% will need a bit more than seven years for breakeven.
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