*The Power of Reversion of the Mean *

In times of massive innovation, the value creation usually goes to traditional or new players, but the Metaverse and Crypto seem to have not favored anyone in particular. However, generative AI, if believed to be the next big thing, seems to be benefiting existing players like Microsoft. Reversion to the mean, where stocks that are overvalued eventually find their footing again, is a powerful force in the market. The attraction lies in combining reversion to the mean with a market-neutral strategy. However, there is a growing concentration of power and wealth among a small number of big companies, which is seen as a major threat by experts.