If something (let's say... the stock market) falls 20%. It has to then gain 25% to get back where it started.
10,000 down 20% is 8,000
8,000 up 20% is only 9,600
8,000 up 25% brings us back to 10,000
10,000 down 20% is 8,000
8,000 up 20% is only 9,600
8,000 up 25% brings us back to 10,000
I hate that.
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