Pretty impressive. His strategy is to sift through immense quantities of data to find patterns and then exploit these patters until they stop working. However, the Renaissance Medallion fund since 1993 has been closed to to the general public and is only available to employees of Renaissance Technologies. The computer-driven Medallion fund has made an… Continue reading Jim Simons: A rare interview with the mathematician who cracked Wall Street
Tag: trading
How High-IQ People Make Money In The Stock Market
Interesting article, obviously written by someone of above average IQ who has had success day-trading. The market is 99% efficient, but that 1% allows smart people to make money consistently even as the left insists the market is rigged, a zero-sum game, or a bubble. The ‘blank-slate’ left believes that people can only succeed with… Continue reading How High-IQ People Make Money In The Stock Market
Michael Lewis, Idiot
The inveterate whiner and liberal Michael Lewis it at it again, stirring a tempest in a teapot over ‘high frequency spoofing‘. He should stick to writing about baseball. It’s the only subject he is capable of writing about without sounding like a shrill ninny. For brevity, I’m not going to discuss the ethics of trade… Continue reading Michael Lewis, Idiot