Personally, I do not accept this argument in isolation. It ignores the incontrovertible facts surrounding his performance that I outlined earlier in this thread:Quote from austinp:
...tdog... that's precisely what he did. The tracking accounts versus his trading account weren't meshed for several reasons. I was privvy to the core concept of his system a few years ago. It was based on volatility breakouts, with larger bets placed on probability that the next breakout would be bigger than prior losses...
http://www.elitetrader.com/vb/showthread.php?s=&postid=2169693#post2169693
While there is more than one way to connect these dots, I believe that only one way actually makes them click. As someone who does not tend to believe in a series of astonishing coincidences as a matter of course, I believe that these incontrovertible facts are interrelated. And if they are indeed related as they so clearly appear to be, then there is only one likely conclusion.
"If you hear hoof beats, think horsesânot zebras."