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You don’t have any key ideas that you can express without linking to “hundreds of pages of legal filings”? His claims are not odd at all, you really haven’t put any effort into distilling the incentive design.

It’s not impossible to express complex incentive design or push readers in the right direction to understand this. What is the essence of what is quantitatively or contractually different about LTSE?



The first link seems to be a 14-page memo and the second link a 28-page marketing document.

As someone who writes these docs for a living, don't be afraid to read the legal stuff. It's just text.


I’m more flummoxed by the suggestion that expressing the basic idea concretely would be too hard than I am scared of reading a legal document.



Snake oil is snake oil.




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