Recent analyses and expert commentary underscore the challenges and strategies for long-term investing amid market volatility. Michael Mauboussin's report highlights that the median drawdown for 6,500 stocks between 1985 and 2024 was 85%, with a typical duration of 2.5 years from peak to trough. More than half of these stocks never recovered to their prior highs, emphasizing the difficulty of turnarounds. Warren Buffett has described large drawdowns as a necessary price for achieving superior long-term returns. Investors are advised to exercise patience, as it is considered a critical psychological edge and more profitable than attempting to predict market movements. The current market environment, marked by the biggest weekly stock decline since early April 2025, is testing the risk appetite of retail investors. Experts recommend focusing on quality investments and adopting a long-term perspective to benefit from compounding and the increasing dispersion of returns over time. Young investors, in particular, are encouraged to leverage their time horizon to navigate the complex economic landscape ahead in 2025.