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You mean how companies like Renaissance Technologies are obviously flawed since they only rely on mathematical models and are thus doomed to fail?
by askmike 9y ago
You mean how companies like Renaissance Technologies are obviously flawed since they only rely on mathematical models and are thus doomed to fail?
- dajohnson89 9y agoit's ok, it was amusing to see the Nassim taleb meme still going strong.
- blunte 9y agoI have a strong suspicion that Renaissance has some (illegal) advantage that almost nobody else is aware of. They are notorious for isolating information within their own organization, and that could help them keep secrets regarding their edge. Nobody produces results like they do over such a long period, and it's exceedingly unlikely that they are so much smarter than everyone else. Whether from insider information or market manipulation, their success smells too strongly.