FYI: ON DEC. 17, 2002, Harry Markopolos walked out of his Boston office wearing an oversized trench coat and a pair of white cotton gloves. His destination: the John F. Kennedy Presidential Library.
A quiet figure, Markopolos worked as the chief investment officer at a small firm that specialized in trading stock options. He had heard about a New York-based competitor that was apparently doing similar work, but with much greater success. Following his boss’s recommendation, Markopolos tried one day to replicate his competitor’s strategy. But when he did, a funny thing happened. He realized that he couldn’t—not because he wasn’t capable, but because it simply wasn’t possible.
Regards,
Ted
https://humbledollar.com/2019/08/three-risks/
