Quotes About Drawdowns

Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one can attempt to reduce risk, improve performance, lower drawdowns and reduce volatility.

History demonstrates that previous military drawdowns invited aggression by our enemies. After World War I, America drew down forces until the U.S. Army had fewer than 100,000 men in uniform. That weakness invited Nazi aggression in Europe and the imperial Japanese attack at Pearl Harbor.