Field notes
Guides and reflections on portfolio risk, drawdowns, and how private investors in Thailand examine downside.
When currency mix changes the drawdown story
A baht-stable view of an offshore book can hide how sharp the same path felt in spending currency.
Cash buffers that survive Thai holiday months
Liquidity planning for drawdowns has to respect school calendars, bonus timing, and the weeks when markets and offices both slow.
Concentration that hides in familiar names
Local favourites and employer stock often look diversified until a single sector week rearranges the book.
Reading a drawdown without rewriting the story
Peak-to-trough numbers only help when you keep the path, the cash line, and your own constraints in the same frame.