Pushing towards the peak of performance requires more than just understanding the laws of power; it also involves addressing the market asymmetries that can negate them.
A statistical observation on returns does not surpass the local regulations or the capital flows that dominate our reality in Hong Kong.
For example, even a promising VC investment with a power law potential could be nullified by a change in Stock Connect rules or interventions by the SFC, making its hierarchy of factors unstable.
The true return potential depends on our ability to navigate and exploit these external constraints to maximize results.