I wouldn't call CAPM, Modern Portfolio Theory, and econometrics bs. Don't forget some very smart people base their entire academic careers on these ideas.
I think your confusing absolute returns against risk-adjusted returns. If he's a short trader then he his fund is taking on negative beta. Having a negative beta for the past 4 years would have been suicide and you would of lost a ton of money. To have a 1.5% annualized ROR means he must of had...
Hey Tim,
Great to have you on the board. I've been a lurker here for years and decided to write my first post because of you.
First of all congrats on the fund and the book! The 12k to 1.65mil is just freakin amazing especially for a teenager/college kid. Don't let half of these guys get...