just took the initiative and improved the trading signal in my hw to 2X its original Sharpe, shall I ask prof for an A
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the real ones recognize that the sharpe of life comes from reducing the stdev via recurring guaranteed revenue be it a newsletter or management fees vs. dirty high variance 'actual trading' (not counting hft
) so I think not trading it teaches the actionable life lesson here 
The greatest trick Bridgewater ever pulled was convincing a subset of its clients to move into management fee only accounts.
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plus clients end up with less smooth returns from losing the benefit of HWM rules and accrual reversal of perf fee in down months
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This is true but I imagine the main thing they are bothered about is paying 3.5% management fee on a fund that is flat over the last six years
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