Absolutely. Paper wealth is sooo intoxicating, until paper promises go poof.
Example: Radio Corporation of America (RCA)
From RCA"s 1929 high of $114 the stock price dropped for the next three years, reaching it nadir of less than $3 per share in 1932.
RCA was the predominant technology leader of its day. Nevertheless, it lost 97% of its value.
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