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So buy into the Renaissance mutual fund. There, you beat the market.
by kobeya 10y ago
So buy into the Renaissance mutual fund. There, you beat the market.
- auntienomen 10y agoRenaissance doesn't run mutual funds. They aren't taking outside money in the market-beating fund.
- alex_anglin 10y agoPast performance is not a guarantee of future returns?
- kobeya 10y agoPeople have been saying that about rentech for the last 20 years. People have also been saying that about berkshire hathaway for the past half century. At some point, past performance IS indicative of future returns.
- ceejayoz 10y agoFunds like Renaissance's have minimum investments in the millions, are often invite-only, etc. We average investors simply can't play in those leagues.
- Inconel 10y agoI'm not sure about any Rentec mutual fund, I don't think such a thing exists, but aren't the funds they have open to institutional investors not doing particularly well? When most people say Rentec they think Medallion, which while being spectacularly profitable over 20+ years, is now a closed fund only open to current employees last I heard.