Thanks, but that's not really the point that is being communicated. We're just trying to empasize the fact that, while some track records can be used as an indi

Thanks, but that's not really the point that is being communicated. We're just trying to empasize the fact that, while some track records can be used as an indication of future success, a guy who makes a bet with the same logic as others but years later than they did (then got rich merely being lucky enough to be late) should never have been thought of as someone who could generate alpha in the future off of that track record.