XpresSpa Group Inc (XSPA)

[Ipittydafoo]

I have a few responses to that.


1. If you look at finance theory friend, the majority of participants (Efficient Market Hypothesis) cannot beat the market over time.

2. Yet many hedge funds outperform correct?

3. Well EMH suggests all people have access to the same info and act rationally on that info.

4. If number 3 doesn't hold (access to info) EMH goes out the door and you can beat the market over time.

5. I then ask, how do you think so many hedge funds outperform over time? LOL

6. Easy answer, they all trade inside info and I know this as a fact, I have many friends in the fund management business, primarily long only funds and it drives them mad. Why? because they stick to their values and ethics, problem is its a scale business so if they are competing for the same mandate, well they guy who shows better returns typically wins and therefore adds more AUM right (so more money for him as a result).

Its a rigged game friend..this is nothing new