But the stock isn't cheap going into whatever the next bad year is.
52% ) posted a higher total return (the change in the stock price plus dividends ) than the index.
Seven out of eight I think the five positive years are the most impressive part of the record.
People can cut back on a lot when money gets tight.
But an investor who owned it through the financial crisis still gave up almost a quarter of their money over 12 months.
Today's valuation is far from that extreme.