Thread by @NonMeek

“Rule of thumb: you’re in a drawdown state 70 % of the time. And more than half the time in a major drawdown.”
-@financequant

[Day 4] #RWRI 12 … facts about 180 years of stock market history

@financequant [Drawdown history without the great depression] “…its’ like saying that instead of having 100 pounds of TNT blowing up you have 98 pounds of TNT blowing up.”
-@financequant

@financequant “If everyone is running for the exit does it really matter why?”
-@financequant

@financequant “To become a good statistician first become a good historian.”
-@financequant