Once in a manager drawdown, allocators have likely absorbed most pain
Nicholas (Nick) Csicsko · Senior Decision Makers: Nicholas Csicsko, Trinity Wall Street (EP.508) · Jun 29, 2026 · at 25:07
Nicholas Csicsko of Trinity Wall Street discusses the rationale for staying patient with underperforming asset managers during market drawdowns.
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“Generally, once you're already in that period of underperformance, that drawdown, certainly things can get a lot worse, but if you can limit some of the left tails, you probably experience most of the pain.”
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