39. Will the stock price of "SM" go back down to 100?

one of the "fictional anecdotes" I share during my talks to help investors alleviate their fear of the stock market's inherent volatility and the need to hold on to great companies over the long term to maximize returns

Let's say way back in 1972, a businessman decided to open a retail business, he raised his initial capital by selling shares in his new company "SM" for 100/share and you are one of those people who were able to buy

He was a very good and astute businessman that after 49 years, he has grown his retail empire to 76 malls in the country and 7 abroad

Question! After holding on to the stock for so long, what is the possibility that the price of "SM" shares will go back to 100 today?

One of the greatest speculator of all time, Jesse Livermore is known to accepted the futility of market timing exercises when he said that “throughout all my years in investing, I’ve found that big money is not made in the buying and selling (of stocks), the big money is made in the waiting..”.

think of buying stocks as going into business, as businesses including the successful ones are not immune to ebb and flow of business cycles, its growth would not be in a straight line but in a series of oscillations, this could account for the share price short term fluctuations (volatility)