It’s certainly possible something similar can happen to me. Part of this is mitigated, I think, by the fact that the overall volatility is reduced. That’s one of the pitfalls I’ve seen in contrast to the growth plays not based on intrinsic value. I think it’s the main reason the risk-adjusted returns are better but time will tell. Black swan events always seem obvious only in hindsight.
I got hammered really hard by the 2000 crash. Down something like 75%. I thought I was smart by not investing in bubble stocks. But the secondary die-off caught me. It was a bitter pill.