Valleys of Regret: Nearly Two Centuries of Market Drawdowns

A paper written by Dr Frey that analyzes 180 Years of market drawdowns. The paper focuses on a new approach to modelling this process, measuring its stability over time, and reflects on the significance of the Great Depression and other events. The paper also highlights the effectiveness of monetary and fiscal interventions, and what investors can learn from a long-term view of economic and financial history.

Valleys of Regret- Dr Robert J. Frey.pdf