Pretending the returns are sustainable and real and by chipmunks admission, unscalable. So he will be returning capital each year. He makes 70percent year. He takes 140k in fees. To manage 10 accounts in a partnership structure he will spend like 30-40k year in auditing and accounting fees. So he will take home 100k year. Nothing to sneeze at but there is no room for expansion and there is a lot of inherent risks that he has to deal with. And that is assuming he can do 70 percent. What if he does 20 percent. Then he gets nothing after his overhead. Remember the 70 percent is coming from 4 percent compounded which is inconsistent with his comment that the strategy doesn't scale past 1mm. In his last month he'll be managing 1.6mm. So his economics are suspect and there's not a lot of room to be wrong.