it's funny, people constantly criticize LTSE because it hasn't made "enough" progress (you can see one such example already on HN below). But since nobody has ever done anything remotely like this before, I am not sure how we are supposed to judge how much progress it "should" have made by now.

and since everyone widely agrees that what we are attempting is "impossible" I am pretty impressed that we've managed to make any progress at all :)

I'm of the opinion that the LTSE was built by people who didn't understand market structure which is why it continues to struggle.

I understand the idea that they were after, but it seems like they could have wrapped that up in an ETF.