There’s an old joke about two guys walking in the woods. They spot a bear running toward them, and one guy sheds his backpack and starts to run. The other guy screams, “What are you doing? You can’t outrun a bear!”
Without stopping, his friend yells back: “I don’t have to outrun the bear! I only have to outrun you!”
Add “market” to “bear,” turn the two guys into hedge fund managers, and the old joke is au courant.
