God Still Has the Last Laugh One of the most important things I learned while crunching all the numbers for this chapter is how dependent our investment lives are on timing luck (formally known as sequence of return risk, which will be covered in the next chapter). For example, the best 40-year period I analyzed in this chapter was from 1922–1961, where your $48,000 (40 years × 12 months × $100) in total DCA purchases grew to over $500,000 (after adjusting for inflation). Compare this to the worst period 1942–1981, where your $48,000 in total purchases only
