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That makes sense. The point of investing is not to beat the market in any given year, but to minimize losses. The market in general is doing fantastic right now
by aphextron 9y ago
That makes sense. The point of investing is not to beat the market in any given year, but to minimize losses. The market in general is doing fantastic right now, so it's hard to beat even for Rennaisance. But when the downturn comes you can bet they'll be ahead of the game.
- pedrocr 9y agoWhat makes you confident in this fund in particular vs the rest given that in aggregate they can't beat the market? The history of past returns I assume?
- revmoo 9y agoPushing people towards index funds is literally the same thing as saying past returns can predict future results.
- jacobkranz 9y agoI don't have a source on this but from what I read they returned ~80% in '09. From the research I've done on them, they generally make tons of very small bets on assets they think are mispriced. Generally speaking, when volatility goes dramatically up is when more assets are mispriced thus leading to larger gains for them. However, we've seen historically low volatility so it makes sense that they're not returning as much right now.