How to Capture Alpha and Uncorrelate to the Market

In order to capture alpha, you have to be uncorrelated with the market. So what will happen is, and it just happened recently, as this market ran up here, I'm not up much. But that doesn't bother me at all because I realized that if you're moving up when the market's moving up, down when the market’s moving down, sideways when the markets are moving sideways,. Your performance is going to be about what the indexes are doing - mimicking them. You've got to get used to being uncorrelated for good returns.