Well it explains how a fraction of a percent edge can grow to an outsized +75% annualized return -- in that way you're right, by definition there's going to be

Well it explains how a fraction of a percent edge can grow to an outsized +75% annualized return -- in that way you're right, by definition there's going to be leverage -- but how do they get that kind of leverage at their scale? If anyone tells you how exactly they are consistently getting an edge then I'm afraid that you're listening to a conman that's eventually going to try to sell you something.