DislikedI'm not sure what else there is to say. The premise was that larger drawdown systems don't blow up. I showed using the same example posted, that this is not the case.Ignored
My main point is to say it is always good to see how a system handles a drawdown. There is much strength in a system that has a "higher low" created in the pullback, rather than a breakdown past the previous lows. Seeing how one manages risk is important.
DislikedGoing from 3 billion under management to less than 25 million sure sounds like a blowup to me. It may have been slow motion but it is still a blowup. Closing shop and forcing investors to redeem their shares isn't a sign of success. 8 years with net losses doesn't sound like success to me. You may say if only they had written the article earlier. But the fact is that a trader is only as good as his next trade. Past results mean nothing.Ignored
Henry knew exactly what he was doing when he retired. As the article said....
"Don’t cry for Henry – he’s doing just fine: still worth $1.5 billion, and the 389th richest person in the US according to Forbes."
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