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ups and downs

British pronunciation/ˌʌps and dˈaʊnz/
American pronunciation/ˌʌps ænd dˈaʊnz/
ups and downs
[PHRASE]
1

a combination of both good things and bad things that can happen to one

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Examples
1You can have a permanent loss of capital, which we're trying to really protect our customers from, and we think that waiting to make sure we have these bulletproof balance sheets has helped to protect capital for us during the ups and downs that are inevitable in the market and the volatility that's gotten greater and greater than I've ever seen in my career.
2The shares that are held by the trust fund, but those ups and downs are very minor relative to the overwhelming need for revenues for Social Security.
3So we've seen the various cycles, the booms and busts, and our families have been affected by those ups and downs of the tech industry.
4But through its ups and downs, there's always been one investor that's been willing to back Dell.
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