The Dow Was Only at About 280 at the Start of the Year, and That Was the Best Year I've Ever Had in the Stock Market

In 1954, the stock market was only at about 280. That's 20 years out of this amazing 231-year lifetime of our country. It took all of that time to restore in the market a price level that was equal to what it was when I was born 20 years earlier. So if you think about the fact that we're enduring a few months, and we'll endure many more months, but we don't know how it comes out. And people in the 30s didn’t know how it was going to come out,. But they endured, persevered, prospered, and the American miracle continued.