weird logic. All metrics are ex ante so I don’t really...

weird logic. All metrics are ex ante so I don’t really understand the hindsight comment. You’re saying I don’t understand the small cap environment but then proceeded to provide no examples in that knowledge you are suggesting you posses.

I think you missed the point on navidia is an example amongst many ,were in a raging bull market underperforming the market isn’t something to be proud off. If you do good hypothesis and research you over get excess returns over the market. Ie alpha all investors seek alpha or they should atleast.