Hey Nash,

Personally me wasnt speaking of t11 in general, as you say in 1)-3), on which I partly agree. I just wonder how often illogical results happen. Your examples are good, what is about the statistic overall? Are these exceptions or more the rule? I miss some evidence that there is a system.
Such evidence is if you really lost once (or against a single team as you say) against an active manager out of many active managers, but lost significantly more often to unmanaged teams.