7y3r
I think if one has bankish's timeframe and investment views, black swans just become part of the inevitability of a lifetime of investing. For some investors, the markets' swings (price of the shares they own---portfolio value) is simply noise and can and should be ignored.  As long as the cash flow in the form of dividend cheques keeps arriving in their bank account, that is the money they need to live on, life is good.
Sure, many investors need to draw down their capital later in life but not everyone does. I suspect bankish does not.
SFI