It's not a dumb sentence if which funds are the top funds is consistent over time
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I know that's true of VC funds (for network effect reasons)
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hmmm. hmm! interesting, okay.
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I mean it's still a tautology isn't it
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I guess technically not cause of "record" but still "the best-run funds aren't making very much money, less than other poorly-run funds"
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Being well-run doesn't necessarily cause you to make more money
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What are the other metrics for "well-run"?
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It's not automatically true that it's possible for a hedge fund to be well-run
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