The Bureau of Historic Losses · Counterfactual Division
What if you'd bought AMC in 2020?
AMC entered 2020 as a debt-laden cinema chain, then watched COVID padlock every theatre it owned and push it to the very edge of bankruptcy. The shares collapsed toward a few dollars on genuine fears the lights would never come back on.
$100 on 2020-01-02, worth today
US$3
As of 2026-06-12, $100 of AMC bought at 2020's open (US$74.15) is worth US$3 — 0.03×.
total return · dividends reinvested · USD
How much would $100 of AMC bought in 2020 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| US$100 | US$3 | 0.03× |
| US$1,000 | US$32 | 0.03× |
| US$10,000 | US$316 | 0.03× |
Lump sum on the year's first trading day, total return (dividends reinvested, splits adjusted), valued at the latest close. Past performance isn't a promise — it's a taunt.
What did AMC do in 2020?
Opened
US$74.15
2020-01-02
Peaked
US$77.13
2020-02-20
Bottomed
US$20.80
2020-04-13
Closed
US$21.20
2020-12-31
Levels are dividend-adjusted, so historical figures look lower than the headline price of the day — that's the total-return lens, and it's the honest one.
Would steady buying have beaten going all in?
US$33,700 deployed as $100 a week from 2020-01-02, under four temperaments — same money, different nerves.
| All in on day one | US$1,064 |
| Steady weekly buys | US$12,337 |
| Sold dips, rebought rallies | US$21,344 |
| Traded it perfectly | US$90M |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
The same $1,000, elsewhere
$1,000 at 2020's open, each valued at the latest close. Hindsight remains undefeated.
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