(on a laptop that only have English keyboard input) Some thoughts on stock case at 1:14. I think that might be the reason why some people like mutual fund a lot because it follows that compound growth rate with less fluctuation. However, if you could bear the risk especially at young age with a conviction that the risky portfolio like a couple of single stocks or simply SP500 will eventually outperform that mutual fund in a 20-year span, then that 30% drop in some of the years are just better investing. Let me know if anyone disagree.