[Galanwe]

> But this risk-adjusted thing is just silly: either you have the money or you do not

Money is not a limiting factor, risk is. If you have a low risk strategy, you won't have problems borrowing money to invest in it.

Its not silly, because the amount of reward depend on amount of risk.

So, if you compare returns of different strategies/funds, you need to first rescale them to the same amount of risk