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How to Beat the S&P 500 by 30 Percentage Points

What Goes Up

CHAPTER

The Liquid Altz World Is an Embarrasse

"The liquid altz world is an embarrassment," he says. "It hearkens to einstein's alleged definition of insanity, which people keep doing the same thing again and again and expecting a different result." The space has had 400 billion dollars in it for the past decade but only made one point six % per annum. Thereare all sorts of structural issues in the industry, but look, what we're trying to do is is really talk to people who are making the aplication decisions from from their perspective.

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