"being with assuming options or stock markets are not efficient and then claiming back fitting is the secret knowledge of success."
Who said anything like that? You just made it up.
All ron said was that he sold LINE $32 puts and all I said was that I make $80k per year from selling puts (although not on LINE or others where I own units).
Don't know how you get from there to your bizarre statement.
"You claimed based on the word of a saleman was incentive fees are always by definition earned!"
No, I claimed based on reading the S-1 (in the case of QRE) and by looking at the historical performance of MLPs with and without IDRs and noting there has been no correlation over the last 15 years (in fact, performance of MLPs with IDRs has overall been superior however I never said IDRs was the cause of that, simply that those without IDRs have done no better overall). Apart from which, I never mentioned anything about fees being by definition earned - that's also something you just made up. I did mention that there are typically subordinated units to go along with the IDRs, so the protection extends in both directions.
Note that yahoo invoked their stupidity filter again on your post, so I am forced to reply to a different post of yours (one which was not filled with bizarre comments and therefore given a reply button by yahoo).
Folks, now norris is following sand in trying to reopen old arguments. Sand wants to talk forever about QRE incentive fees and norris is intent on reopening the whole question of IDRs. It seems they are determined to bring the whole board into the swamp again.