Richmond have invested in an ETF tracking the NASDAQ. Overweight growth in a high-growth draft. Maybe we'll return worse than we expect, but we've invested in a strong portfolio that has a decent chance to pay off above market.Richmond have walked into the casino and exchanged nearly all of their money for chips. It's 8pm and they will be high rolling until the sun rises. Will their strategies see them leaving better off than they came in with?
I get that they've just about made the best of a terrible situation and they got great returns on every player that left, but the decisions will not pay off (if at all) for a very long time.