This interview with Mr. Jones was insightful from a variety of perpectives. My favorite part is his definition of what can be considered good performance. Mr. Jones feels that a money manager or trader should return two to three times more than their worst drawdown, on average. This concept is similar to the Calmar ratio, which compares returns to drawdowns.
On our website, in the money management section, we allow users to run historical returns and drawdowns for a given risk level. A comparison of our returns to drawdowns, from Mr. Jones' perspective, can help one understand our performance.