
Episode #7
The Museum Exhibit
<p>Send us Fan Mail</p><p>Most track records handed to you in a manager meeting were built in a world that no longer exists — falling rates, suppressed volatility, bonds that actually hedged equities. Does that history tell you anything useful about 2026? Or is it a museum exhibit dressed up as a roadmap?</p><p>Vincent and Saâd go at it properly. Vincent argues that pre-2020 data is actively misleading in many strategy categories. Saâd argues it's necessary context — and that throwing it out is its own analytical mistake. They work through the CTA counterexample, the 2020 vs. 2022 stress...






