Education . Reading a Drawdown . 1 of 3 RupeeCase
Every worst case on the shelf is only the worst so far.
Ours included.
60
Percent the Nifty 50 fell from its January 2008 peak to its October 2008 low. Our own cards measure against that same index and print a worst case of 16.92.
Cousin was scrolling our marketplace on Wednesday hunting for the card with the shallowest drawdown. Sensible way to shop. So I asked him which crashes were sitting inside the window when that number got measured. Long pause. He had been reading a five year sample as though somebody had promised him something.