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American equities lost a quarter of their value in the month after the collapse of Lehman Brothers in September 2008.
Overall, however, equities lost favour: three of our portfolio managers shifted their exposure from equities into cash.
Over the extended period, emerging markets underperformed, returning 7.4% versus 8.3% for the developed world.However, the biggest period of underperformance was in the 1940s, when Japanese equities lost 98% of their dollar value and the Chinese market disappeared in the revolution.
After a five-day hot streak, European equities lost ground on Thursday after ratings agency Standard & Poor's cut its outlook on Britain's sovereign debt to "negative," from "stable".
Or that fears over protectionism, and misguided policies including cheapening the dollar as a way to improve our trade balances triggered the 1987 stock market crash, in which equities lost more than 20% of their value in one day?
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Lost equity, lost jobs and the possibility of foreclosure also threaten people who moved here from just across the Cascade Range, on the wetter western side of Oregon, as well as some from Seattle or the East.
Many ordinary investors, along with well-heeled ones, saw their holdings in U.S. equities lose 50% of their value from 2007 to 2008 and into earlier this year.
But then we've never seen tech stocks surge 80% in four months, nor have we seen well-established equities lose a third of their value after a tepid earnings announcement.
Providence Equity lost its entire $62 million investment when the company filed for bankruptcy protection in 2002.
And, for most I.P.L. owners, it has been a very expensive distraction indeed, given the amount of share market equity lost on their main businesses.
COMPARED with Lucent's financial accounting restatements of $679 million and the problems that have befallen that company, the amount of shareholder equity lost in Indus's case seems inconsequential.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com