Thank you for appreciating the article; I tried to disclose all that I could!
1. Yes, I did put my own money in it (low 6 figures).
2. It went as described in the article - for the capital I allocated to Didact, I beat the market (SPY) by ~20% since inception.
3. If I understand your question correctly, this would be the equivalent of the payoff on an optimal lookback option (https://en.wikipedia.org/wiki/Lookback_option). I haven't actually done that analysis, but it sounds like a nice idea.
1. Yes, I did put my own money in it (low 6 figures).
2. It went as described in the article - for the capital I allocated to Didact, I beat the market (SPY) by ~20% since inception.
3. If I understand your question correctly, this would be the equivalent of the payoff on an optimal lookback option (https://en.wikipedia.org/wiki/Lookback_option). I haven't actually done that analysis, but it sounds like a nice idea.