Just to be clear, you are agreeing with the post you responded to, right? That is, they are both playing the same game, but hedge funds use a different strategy.
Which is the point here. Their strategy is evidently a losing strategy. (Or, rather, suboptimal.)
* Their strategy is evidently a losing strategy. (Or, rather, suboptimal.)*
It was not their strategy that competed and lost. It was the strategy of paying them to play the game for you. Their strategy of running a hedge fund instead of an S&P 500 index fund could be working out very well for them.
Which is the point here. Their strategy is evidently a losing strategy. (Or, rather, suboptimal.)