Looking back at the rise and fall data of the Nasdaq 100 over the past 40 years, what patterns have we discovered and what is a powerful stock? This is a statistical chart of Nasdaq data that makes people take a deep breath. In the past 40 years, the biggest retracement of the Nasdaq 100 has never been absent. There are 11 years where the drawdown exceeds 20%. The deepest one, in 2001, fell by 58.7%. Even in the past few years, which have been revered as myths, there has been a decline of 35.3% in 2022 and 22.9% in 2025. If you were in 2000, when the Internet foam burst, watching the index halve and countless companies go bankrupt, you would feel that "this time it is really over, and the belief in technology stocks is broken". If you are in the abyss of the 2022 interest rate hike cycle, watching the numbers on your books shrink every day, you will also feel that 'the end has come'. But if we stretch the timeline, what do you see? Every bottomless plunge, in hindsight, is just a small episode in a long upward curve. However, what this picture really wants to tell us is that surviving a sharp decline is a prerequisite, and it is not a case of 'blindly investing to win'. The premise is that the fundamentals of your assets are solid enough to withstand bull and bear cycles. In the year 2000, it was Amazon and Apple that carried the burden; The company that couldn't handle it (is a chicken feather. com). Only high-quality enterprises are qualified to lead you to new heights after the storm. Investment never earns the difference in intelligence, but the compensation of cognition and the rose of time. When you face the dazzling green in your account again, when the market is once again shrouded in panic, take a look at this chart. Retraction is the norm in the market, while rise is the fate of high-quality assets. This year, Buffett chose to heavily invest in Google, Dan Bin chose to continue investing in Google, and Duan Yongping also chose to reduce his holdings in Apple before buying Google. Three top executives coincidentally bought Google stock. Because Google is indeed formidable, able to navigate through bull and bear cycles and withstand the deep retracement of the Nasdaq. So, if you choose the right stock, don't easily get thrown out of the car.