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A comment on Where you can and cannot thrive on BS. Parent comment

Re:Where you can and cannot thrive on BS by zmachinaz on Tuesday January 10, 2023 @04:36PM (#34331862)
The selling point is not absolute return, but uncorrelated return. If that is really the case, is a different story ...
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Re:Where you can and cannot thrive on BS by DennisP on Tuesday January 10, 2023 @05:55PM (#34332676)
Hedge funds are supposed to be uncorrelated, but I don't think many long-only equity funds make that claim. They just count it a win if they do better than the market (which often happens, but seldom continues).

Then there are the financial advisors. Last time I talked to one, the selling point was nothing but "trust us, we have a team of Ph.Ds."

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