Originally Posted by
nickola.pazderic
I am nonethess fascinated by the mass underperformance of the so-called "smart money" (that is, the money flow that EV tracks). Apparently this smart money is not so smart after all. But how is it dumb? I assume it is dumb because it is large and slow. Moreover, the authors at Zero Hedge argue they are are sheep; John Thomas, "the Mad Hedge Fund Trader" has said the same.
Are our returns and expectations for returns (based, for example, on the performance of the Robot) unrealistic? Or do sharp minded individual speculators inhabit a different universe of some sort, where different laws and expectations can apply?