Solution
With Yang hoping to retire in three years and not wanting to suffer investment losses, she has less time to recover from losses than someone with a longer time horizon. Yang should seek a fund with a shallower and shorter expected drawdown. The Gamma fund has the smallest drawdown and the shortest drawdown duration.
Your Answer:Gamma should be the best fund for Yang.
Yang hates to suffer investment losses, meaning he is risk averse. Gamma fund has the lowest recent max drawdown loss compared to the other two funds and also the shortest drawdown duration, meaning it only take 12 month for Gamma fund to recover from its max drawdown. It fits Yang's risk appetite.
我发现参考答案中特地强调了Yang要退休了，所以相比于其他年龄段的人has less time to recover from losses with a longer time horizon。想了一下这句话确实挺重要的，而我只写了他hate suffer losses，这样的回答会扣分吗？