User's '10x boring' idea tested. GD-70 (70%QQQ/15%trend/15%book) has highest Sharpe-excess (0.67-0.84
vs QQQ 0.65, book 0.39); trend sleeve = genuine crisis-alpha. GD@1.3x cheap-lev ~= QQQ return with
shallower drawdown (-48 vs -53%). VRP(PUTW) does NOT add (dilutes); carry no clean retail ETF. Clean
stackable premia = equity-core + trend-sleeve + execution-alpha (behavior gap/tax/cheap-lev, on top,
not in backtest). GD genuinely beats both the over-conservative book and panic-prone raw QQQ.
Co-Authored-By: Claude Opus 4.8 (1M context) <noreply@anthropic.com>
