3 ms·
https://www.institutionalinvestor.com/article/b1505pgm55s2rx/renaissance-technologies-stumbles-in-june https://www.institutionalinvestor.com/article/b1505pgm55s
by darawk 9y ago
https://www.institutionalinvestor.com/article/b1505pgm55s2rx/renaissance-technologies-stumbles-in-june https://www.institutionalinvestor.com/article/b1505pgm55s2rx...
> The owners’ earnings are also driven by Renaissance’s fabled Medallion Fund, which is closed to outsiders. It has earned an estimated annualized return of 35 percent since 1982.
The fact that a coin that comes up heads 75% of the time came up tails one time does not mean its not a biased coin.
- ineedasername 9y agoThanks for the renaisance link, interesting firm. I still dont think 2 sigma was a good example for a counter claim though, their primary success has been post-financial collapse. Renaisance on the other hand has consistent performance over the decades though isnt really representative of the field. But I take your point none the less.