All About Alpha has a great Andrew Lo graphic depicting how Alpha eventually morphs into Beta:
A picture of the “betafication” of alpha
29 July 2008
What will happen to the quants in August 2017?
MIT and AlphaSimplex
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.