drawdown
also referred to as: drawdowns
3 statements across 3 episodes · 0 bullish · 1 bearish · 3 people on the record · first statement Nov 23, 2020 by Joel Greenblatt · across every show →
Everything said about drawdown, oldest first
Nov 23, 2020 neutral
Greenblatt: Concentrated portfolios face 20% to 30% drawdowns every couple years
“When you run such a concentrated portfolio, every couple of years, there are a few days where you lose 20 or 30% of your assets because one or two of your ideas aren't going your way. And that's just part of the way it works.”
Sep 9, 2021 neutral
Braga: Unwinding during drawdowns stems from poor upstream risk sizing
“Career-wise, in the running of the various strategies that we have run over the years, the mistakes that I have made, which I regret, have Almost all of them probably being related to unwinding strategies in the drawdown. Then you say, okay, what is the mistak…”