How about Tiger Global [1] the elite of the elite of hedge funds, smartest of the smartest and most sophisticated quant strategies lossing 50 pct. of capital in weeks? Or Bill Ackman [2] buying Netflix blind, without a moment of analysis and selling in panic loosing 400 mln $ over threee months.
Day traders, even of small, retail kind, could have wild drawdowns but they are usualy OK in longer horizon.
The times are getting interesting and we will see a lot of "smart", "long term" money managers humbled by the market.
