Mikhail Samonov February 4, 2019 DB_Strategy, Dynamic Asset Allocation Two Risks That Ruin Long-Run Investing Mikhail Samonov February 4, 2019 DB_Strategy, Dynamic Asset Allocation The first risk of investing is the Drawdown Risk - the loss from the peak. The second risk of investing is the Low Return Risk - the under-performance vs. expectations over a stretched period of time.