Source item

@orrdavid (2)Whatever that is, it’s not “hedged”, and it’s not “alpha”, adjusted for risk (as you like to claim about others). Also, your private fund appears to have returns almost 2x those of your publicly-traded ETF. So maybe examine the risks you(and your investors) are taking, first. https://t.co/Thj9mnNIRb @orrdavid (3) Because your constant criticism of money managers who have been doing this over a few cycles reeks of projection, particularly given your own portfolio’s construction. But if you make it past 20 years, give me a call, and I’ll buy you lunch. #FooledByRandomness