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File: 7 KB, 226x223, james simons.jpg [View same] [iqdb] [saucenao] [google]
17233213 No.17233213 [Reply] [Original]

how the hell did he do it?

"From 1988 to 2018, Medallion returned 66.1% annually before fees. Net of fees, the gains were 39.1%. Estimated trading profits during those 30 years amounted to $104.5 billion.

>> No.17233225

>>17233213
We literally may never know, they figured something YUGE out about the markets.

>> No.17233231

>>17233213
>66.1%

>> No.17233240

>>17233225
doesn't it have to do with the work of Bob Mercer and Peter Brown and their speech recognition work

because i dont think RENTECH really got big until they got there

>> No.17233244

>>17233213
Kikes gonna kike

>> No.17233260
File: 6 KB, 225x225, ed thorp.jpg [View same] [iqdb] [saucenao] [google]
17233260

Jim Simon's only competitor is

>> No.17233294

>>17233213
It's not hard if you're not a literal brainlet and have a large stack. In fact those are boomer returns, there's a large amount of people in crypto right now pulling double that and more per year and nobody is writing any stories about them boohoo.

Here's the redpill. Hedge funds are a total joke, people with a lot of money just offsource a portion of their funds to them because 5% of 10million is 500k and everyone would be happy with that return and they have some dude doing that for them and doing their taxes. Anyone can become a fund manager, you just need to have charisma and have a story you can sell to rich fucks and network with them. There's hedge fun millionaires in Wall Street who are complete utter brainlets, they just managed to convince rich fucks to give them fat stakcs to play with and made them believe it takes a genius to have a %20 return.

>> No.17233306

>>17233294
lol not everyone, in fact virtually no one is bringing in the returns that Rentech and Medallion are bringing in

>> No.17233308

what a retard, bezos OWNS this kid also had a big titty gf BASED

>> No.17233318

>>17233306
66% annually? it's not hard, just pick a freaking log chart. short btc when its overpriced, long when its underpriced. not that hard.

>> No.17233328

>>17233318
"not hard"

why are you a poor then?

>> No.17233342

>>17233294
imagine being this retarded and thinking you are smart

>> No.17233358

>>17233328
im not

>> No.17233392

>>17233294
>>17233358

You are insufferable and dumb as dog shit.

>> No.17233510

>>17233213
>66.1% annually before fees
Show source on this one...
I know it's been high, but not that high.

>> No.17233551
File: 144 KB, 618x597, 1471957733648.jpg [View same] [iqdb] [saucenao] [google]
17233551

or it's all insider trading, would that be such a shock?

>> No.17233587

they are most likely taking advantage of the infrastructure limitations (latency arb and so forth) that the average joe does not have access to which is what many 'quant' funds do but somehow doing it in a way that few others have figured out.

>> No.17233676

>>17233213
alpha comes from non public info full stop

>> No.17233702

most likely it was contract actuaries plus HFT algos for arbitrage

>> No.17233709

>>17233551
Basically he's exploiting after hours trading spreads, and it's 66.1% simple interest (profits are paid out every year).

No other company has the risk tolerance and mathematical prowess to take market share from him, so he gets all the profits.

>> No.17233767
File: 28 KB, 1349x695, cboe meme.png [View same] [iqdb] [saucenao] [google]
17233767

>>17233260
>Jim Simon's only competitor is
based
Chat with traders is good interview series with interviews about Rentech
https://www.youtube.com/channel/UCdnzT5Tl6pAkATOiDsPhqcg

>> No.17234128

>>17233294
>It's not hard
Ok everyone we might have a trillionaire among us!

>> No.17234238
File: 140 KB, 640x640, 1488480132883.jpg [View same] [iqdb] [saucenao] [google]
17234238

This guy pioneered a lot of what we now know as machine learning.

I believe they are basically analyzing a LOT of data to inform their trading decisions.

>> No.17234947

>>17233551
THIS.

They probably just buy trade data and front trades and make a few pennies of most trades at huge volumes.

>>17234238
>>17233709

Are you guys NPCs? this is clearly marketing. You think some super AI trades the market and gets him rich? They are playing to your biases because people don't want to appear unsophisticated or that they don't understand technology.